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Fairview Care Limited transfers business to not-for-profit
Fairview Care Limited has transferred its business to not-for-profit organisation Whiddon under the advisement of Hall & Wilcox.
Naomi Neilson
Firm: Hall & Wilcox (Fairview Care Limited)
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Deal: Hall & Wilcox advised Fairview Care Limited on the transfer of its business and assets to Whiddon.
Value: Undisclosed.
Area: Health and community.
Key players: The team was led by Alison Choy Flannigan with a team that included partner Maurice Doria and lawyers Sarah Walsh and Alexandra Armstrong-Millar.
Deal significance: The team acted on M&A, regulatory and property aspects and consideration of the charitable objects of both organisations who are registered as charities with the Australian Charities and Not-for-profits Commission.
Commenting on the transaction, Ms Choy Flannigan said: “I am so glad that we could achieve this great result for both the residents and staff of Fairview and the Moree community.
“I am sure that there are a number of community boards of aged care-approved providers in regional areas who are considering their options, challenged by the new Aged Care Quality Standards, scrutiny arising from the Royal Commission into Aged Care Quality and Safety and shortages of staff,” she said.
