Latest news with #ColleenFurnaletto
Daily Mail
2 days ago
- Business
- Daily Mail
BREAKING NEWS Annecto Incorporated closes: Major disability and aged care service provider makes shock announcement
A long-term care company closed after more than 70 years of business, leaving thousands of seniors and people with disabilities just three weeks to find a new provider. Annecto Incorporated, based in Melbourne 's Footscray, will cease support for those with high-care needs in Victoria, Queensland, the ACT and NSW from July 1. The not-for-profit on Wednesday announced it will close due to 'financial challenges facing the organisation into the future'. 'We deeply appreciate the support of our community over all these years and the dedication of our staff and partner to high quality of support standards,' Colleen Furnaletto OAM, Annecto chair, said. The closure will affect some 3,000 customers and 1,000 employees.
News.com.au
2 days ago
- Health
- News.com.au
National aged care and disability provider Annecto announces shock closure
National aged care and disability services provider Annecto will close in July, putting the care of more than 3000 patients in limbo. 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.
ABC News
2 days ago
- Business
- ABC News
Aged and disability care provider Annecto announces closure
An aged care and disability support service with thousands of clients has announced it will close in July. Annecto Incorporated operates in 19 locations in Victoria, New South Wales, Queensland and the Australian Capital Territory. It has branches in Melbourne, Sydney, Canberra, Mildura, Ballarat, Bacchus Marsh, Mornington, Dubbo and Kempsey. In a statement released on Wednesday the charity said the decision was made due to "financial challenges". "This decision was not made lightly," Annecto chair Colleen Furnaletto said. The charity has more than 1,000 employees and 4,400 clients, according to its 2024 report. The report shows the charity had revenue of $85.9 million in the 2023-24 financial year and expenses totalling $84.9m. "The control of our labour costs combined with a healthy growth in our revenue led Annecto to report a net surplus result of $993,000 for the 2023/24 financial year," the report said. Annecto said it would work with the Department of Health, Disability and Ageing, the National Disability Insurance Agency and the Department of Veterans' Affairs to transition its clients to other providers. The Department of Health, Disability and Ageing has been contacted for comment. If you're unable to load the form, click here.
