📬FPACA Secures $260M Debt Facility for Age Care Expansion

NAB, CBA, and Bank Australia have provided more than $260 million debt facilities to For Purpose Investment Partners, a leading impact investment manager, toward the acquisition of Signature Care. 

The Deals 

• A $260m debt facility provided by NAB, CBA, and Bank Australia, for the acquisition of Signature Care, will support the expansion of age care facilities within the country.

• It has eight operational residential care facilities with a pipeline of six development sites and plans for further growth.   

• The transaction includes $35 million social loan notes provided by Qantas Super and Australian Ethical Investment.   

Who is FPACA?

The core focus of the FPACA non-profit aged care platform will be resident health and staff retention. Signature Care and Luson Aged Care establish a top-15 Australian aged care provider with more than 2500 beds. Qantas Super and Australian Ethical Investment's commitment in April 2024 was followed by commitments from NAB, CBA, and Bank Australia.   Avalon Requirements Evaluated

Why it matters:

This additional financial investment in their health care not only ensures better quality care for aging Australians but also more strongly aligns to our core values of social responsibility, thus ensuring a holistic approach toward community support. We are tangibly making a difference in the improvement of the quality of life of older people by directly investing in facilities providing help and care required by them.

Bottom Line:

Increasing the number of care facilities within Australia would imply delivering good and nurturing service to the older populace of Australia, while simultaneously also serving the the aim of core values regarding social responsibility. By providing funding against necessary facilities that would help the weaker sections of society, FPACA is contributing massively towards enriching the lives of older people and is deeply committed to their welfare.