There has been another major blow for Peel retirees, after Settlers Lakeside went into voluntary administration.
It has been just two months since the luxury Berrington Care Group collapsed.
Ian Frances, John Park and Joseph Hansell from FTI Consulting have been appointed receivers and managers.
The Settlers Group consists of five lifestyle villages around the country - two of which are in WA.
FTI said in a statement it would "conduct the operations of the facilities on a business as usual basis", as they attempt to sell the companies.
“The receivers and managers intend to work with all stakeholders and Settlers Group service providers to ensure that there is no interruption in the delivery of services to the facilities operated by the Settlers Group or the residents," the statement said.
“The receivers and managers intend to engage directly with the respective managers at each of the facilities in order to explain the nature and the expected outcome of the appointment.
“At the same time, the receivers and managers will also be available to meet with the residents at each of the facilities in order to explain the nature of the processes that are usually undertaken by a receiver and manager as part of a sale.”
It is understood all five villages are likely to be sold, however FTI said it is too early to estimate the time to complete the receivership.
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