Eureka Group Holdings Ltd
(ASX:EGH) has agreed to buy three Blue Care retirement villages for $6 million.
These retirement villages are in Queensland, and completion of the sale will occur before 30 June.
Earlier this financial year, Eureka acquired nine other retirement villages, mainly in QLD and SA.
Eureka says, as part of its “buy and build” strategy, it will now own 22 villages – with 31 villages under management, and 7 villages currently under due diligence.
Eureka reported a net profit of $3.65 million at 31 December 2015.
