Aveo Group Limited
(ASX:AOG) says it has been allocated 371 bed licenses in the 2015 Aged Care Approvals Round last week .
The 371 licenses have been allocated to four villages across Queensland, New South Wales and Victoria and will enable the delivery of 922 aged care beds across the Aveo portfolio.
The company says this allows Aveo’s customers more choice and diversity of services across its 89 existing retirement communities across Australia.
Aveo has six new communities under construction.
Aveo Group reported a net profit of $66 million at 31 December 2015.
