National aged care and disability provider Annecto announces shock closure
The business announced the shock closure on Wednesday, citing 'service model shifts and financial challenges' for the breakdown.
'This difficult decisions follows careful deliberation and extensive stakeholder consultation which considered the service model shifts and financial challenges facing the organisation into the future,' the company said in a statement.
The provider supports more than 3000 people with disabilities, members of the veteran community and older adults across Victoria, NSW, Queensland and the ACT.
'Our focus now is working to transition our customers and services to other trusted providers who can continue delivering the support and assistance our customers expect and deserve.'
The company said it was working with the Department of Health, the NDIS and the Department of Veterans' Affairs and 'other key stakeholders' to ensure 'the seamless transition' of its customers and staff to 'trusted and quality accredited providers'.
The business ran for some 70 years.
Annecto chair Colleen Furnaletto OAM said the decision to shut down the enterprise 'was not made lightly'.
'We deeply appreciate the support of our community over all these years and the dedication of our staff and partners to high quality of support standards,' she said.
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