For Purpose Aged Care Australia is aiming to grow to 5,000 beds and set a new standard of aged care, said the company’s investment director Ellen Jones head of her appearance on an inclusive social infrastructure panel at the Impact Investment Summit Asia Pacific in Sydney this month.
Last April social impact investment manager For Purpose Investment Partners and its platform FPACA announced the acquisition of family-owned residential aged care provider Signature Care, which included 1,400 aged care places and a pipeline of 1,100 more.
The deal followed the March 2023 acquisition of not-for-profit aged care provider Luson, which included 305 places and a pipeline of an additional 136, and brought the two companies together under FPACA.
Other target areas of focus for FPIP include disability, mental health, skills education, and social and affordable housing.
Jones said aged care was a critical sector for the group.
“As a social impact investment fund manager, we believe aged care is a critical social sector where our impact drivers of quality and inclusion are paramount, delivered by a skilled caring workforce. With institutional investment into our platform, we’re on track to become a top 15 provider in Australia,” said Jones.
The Impact Investment Summit Asia Pacific brings together institutional investors, advisors, foundations, family offices, government, organisations and enterprises to explore investment opportunities that couple financial returns with social and environmental outcomes.
The focus is on scaling investment for positive impact – which Jones said was key to their strategy.
“Scale matters, and we are building a national presence that is locally focused. We’re creating a network of community aged care homes where demand exists, particularly in regional Australia where communities have been underserved.
“By delivering exceptional care for residents in connected communities, our ambition is to grow to 5,000 beds while setting a new standard in aged care.”
At the summit delegates will hear from keynote speakers, expert panels, dealmakers, and investors.
The two-day program includes four concurrent steams on:
- Climate & Environment/ClimateTech, which looks at accelerating decarbonisation by transitioning faster to clean energy and a circular economy
- Communities – aged care, built environment, childcare, housing, and inclusion, which focuses on ensuring safer, fairer, more inclusive communities for all
- Education/EdTech, which aims to improve outcomes across all ages through better access to quality education tools and services and closing the education gap
- Healthcare/Biotech & Medtech, which is about developing treatments and services to provide affordable, accessible healthcare and improve preventative and early intervention.
Other sessions will see companies and funds in each sector pitch to investors, providing attendees with live capital raising opportunities.
The Impact Investment Summit Asia Pacific 2025
The Impact Investment Summit Asia Pacific 2025 will be held on March 26 and 27, 2025 at the International Convention Centre (ICC) Sydney, NSW, Australia.
Founded in 2015, the Impact Investment Summit Asia Pacific is recognised as the key event for impact investors in our region.
The Summit brings together institutional investors, advisors, foundations, family offices, government, organisations and enterprises to explore investment opportunities that couple financial returns, with social and environmental outcomes.
For more see: https://impactinvestmentsummit.com/
Early Bird tickets for the Summit are available until February 7 for at 30% discount at: https://events.humanitix.com/impactinvestmentsummit2025
This article was originally published on Australian Ageing Agenda