Formally opened by Melissa McIntosh MP, Member for Lindsay and the Hon Stuart Ayres MP, Member for Penrith, Matilda Nepean provides the rapidly growing Western Sydney community with specialist care services that include mental health, ambulatory care, rehabilitation, hydrotherapy, geriatrics and palliative care, with 90 inpatient beds.

The hospital is located in Kingswood’s health and education precinct opposite Nepean Hospital, creating opportunities for integrated healthcare services and allowing clinicians to seamlessly treat public and private patients across multiple world-class facilities.

The $44 million hospital is owned by investors in Australian Unity’s $3.7 billion Healthcare Property Trust and leased to operator Matilda Health Care under a 30-year lease. Construction of the hospital commenced in April 2021.

Australian Unity’s Healthcare Property Trust also owns several parcels of land opposite Matilda Nepean, totaling 3,565 square metres. In the long-term, further development stages may expand the hospital’s facilities and capabilities to grow with the needs of Western Sydney.

Dr Harry Pannu, Managing Director of Matilda Health Care said Matilda Nepean will play a vital role in meeting Western Sydney’s evolving health needs.

“With mental health conditions rising and the population of older Western Sydney residents set to grow 166 per cent by 2036, there is clear demand for centrally-located, high quality treatment options.

“Matilda is honoured to join the Penrith community and deliver excellent patient outcomes in Sydney’s West. Our clinician-led approach means the highest quality of care is embedded into every aspect of the patient journey, from our inpatient therapy sessions and day programs to the hospital’s boutique, hotel-like setting.

“For years to come, Matilda Nepean will support the health and wellbeing of Western Sydney residents.”

Chris Smith, General Manager of Healthcare Property, Australian Unity, said the hospital is another example of Australian Unity’s long-term commitment to delivering high-quality nation-building healthcare infrastructure.

“Australian Unity is proud of our partnership with Dr Harry Pannu and Matilda Health Care, an operator that shares our values and our long-term vision. Matilda Nepean’s opening represents a win-win-win for Penrith residents, clinicians in Western Sydney and for investors in our Healthcare Property Trust, who will benefit from the long-term income stream of the 30-year lease.

“We are also excited about the longer-term opportunity to work with Matilda in expanding the hospital’s facilities and capabilities across our adjacent parcels of land, adding additional beds, services and facilities to grow with Western Sydney. This is something investors, tenants and patients in the western suburbs can look forward to.”

-ENDS-

Media contact:
T: 1300 408 776
E: media@australianunity.com.au

About Matilda Health Care
Matilda Health Care is a developer and operator of boutique Australian private hospitals that provide premium in-patient care and day programs to foster health and wellbeing in a “hotel-like” health care setting. Matilda Health Care provides specialist healthcare services in medical, geriatric, palliative care, rehabilitation and mental health, and specialist day programs in rehabilitation, mental health and wellbeing.

About Australian Unity
Established in 1840, Australian Unity is a member-owned wellbeing company with more than 385,000 members and more than 700,000 customers. Our range of health, wealth and care products and services provides member, customer and community value that is supportive of personal and community wellbeing.

About Australian Unity Healthcare Property Trust
Australian Unity's $3.7 billion Healthcare Property Trust was launched in 1999 and has grown to become one of Australia’s largest and most successful unlisted property funds.

The unlisted property fund’s objective is to provide investors with stable and reliable income and the potential for capital growth. The Trust’s wholesale units produced an 11.86% total return over one year, 18.39% pa over three years and 14.79% pa over five years as at 31 December 2022

AUHPT currently owns a portfolio of 97 high-grade healthcare assets, including hospitals, medical clinics, aged-care facilities, day surgeries, medical offices, consulting rooms, rehabilitation units, radiology, and pathology centres. Returns are calculated after fees and expenses and assume the reinvestment of distributions.

Past performance is not a reliable indicator of future performance.