Disability employment provider Bedford to go into voluntary administration
In a statement it said that, after an "exhaustive negotiation process with the state and federal governments, banking and commercial partners NAB", it had advised its clients, families and staff that the organisation was expected to enter voluntary administration on Sunday, July 27.
The statement said the "heartbreaking" move would "directly impact 1,400 people with disability across South Australia".
Bedford CEO Myron Mann said it remained "steadfast in our commitment to supporting each of our clients, residents and staff during this challenging time".
"It is a devastating situation with vast personal impact," he said.
"Bedford provides a haven for so many South Australians and has done so for the past 80 years.
"It is an incredibly disappointing outcome not only for Bedford but for the national disability sector."
He said the organisation had tried to drive change and innovation to remain financially sustainable, but "the magnitude of challenges faced, particularly in relation to the supported employment model, remain complex to navigate and unprofitable for organisations".
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