Annecto Inc - Voluntary Administration

Annecto Inc, a Melbourne-based aged care and disability care provider, entered voluntary administration on 7 July, with Matthew Hutton, Melissa Smith, Katherine Sozou and Shane O'Keeffe of McGrathNicol appointed as voluntary administrators.

The company provides in-home services and independent living for people with high care, dementia or complex disability support needs across Victoria, NSW, Queensland and the ACT. It reportedly has over 1,000 employees and 3,000 clients across the four states.

According to Annecto’s website, the board made the decision to place Annecto into voluntary administration due to the financial challenges facing the organisation, as well as service model shifts in the aged care and disability sectors, all of which left Annecto unable to continue operating.

All employees will be made redundant as clients are transitioned to alternate providers, a process which is expected to conclude by the end of the month.