The Weekly SOURCE

Late March release of Support at Home detail leaves 62 working days for implementation

The Department of Health and Aged Care has revealed that “advice on pricing will be provided before the end of the year ahead of more detailed advice by the end of March 2025” in a Support at Home webinar held last Thursday 5 December. The advice...

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Caroline Egan

33 minutes ago

Sector Moves & People

Which aged care provider has been awarded a $136M contract to conduct assessments under new Single Assessment System?

The Department of Health and Aged Care has released details of contracts worth nearly $1.5 billion awarded to operators to conduct aged care assessments under the new Single Assessment System. The largest contract, worth more than $226 million, was...

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Caroline Egan

33 minutes ago

Aged Care

Australia’s residential aged care sector facing “crisis in care availability”: UARC

The latest report from the UTS Ageing Research Collaborative (UARC) has reinforced the challenges facing the sector and Government in meeting the growing demand for new beds and tightening staffing requirements. The 134-page ‘Australia’s Aged...

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Lauren Broomham

48 minutes ago

Technology

In our Innovators edition of SATURDAY: mecwacare invests $20M in digital transformation and AI

The use of real-time data monitoring and predictive data analytics is still relatively limited in aged care today. But operator mecwacare is looking to get ahead of the pack, having tapped global professional services firm Cognizant to help it integrate its IT systems and improve user experience.

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Caroline Egan

17 hours ago

Development

Opal HealthCare adds sixth storey to $100M+ care community co-located with Keyton retirement village

Opal HealthCare, Australia’s largest residential aged care operator, has lodged a development application to build the 154-bed Ascot Grove Care Community at the retirement living developer Keyton’s Bernborough Ascot precinct in Brisbane. According to a Keyton...

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Caroline Egan

2 hours ago

Mergers & Acquisitions

Sale price for Kiama Council’s Blue Haven Bonaira aged care home slashed by $6M

Perth-based aged care provider Hall & Prior will pay $89 million for the Council-built 134-bed aged care home in Kiama, south of Sydney, down from the $95 million original price tag, after additional building defects were identified.

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Caroline Egan

17 hours ago

Opinion

Is scale necessary for success in residential aged care? The latest data says yes

The new ‘Australia’s Aged Care Sector: Full-Year Report 2023-24’ has confirmed what many in the sector already knew: big operators are getting bigger – and more efficient. The new 134-page report from the UTS Ageing Research Collaborative...

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Group Editor

05 May 2023

Sector Moves & People

Two key Dept architects of the aged care reforms are moving to new jobs

Michael Lye, the Deputy Secretary, Ageing and Aged Care, and Nick Morgan, Assistant Secretary, Support at Home Reform, with the Department of Health and Aged Care (DoHAC) have new jobs in the public sector that will shift them away from aged care, only months before significant reforms are scheduled to be implemented.

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Caroline Egan

17 hours ago

Funding

Bain Capital-owned Estia Health reportedly secures $300M finance line

Estia Health has secured $300 million in financing from Japanese Bank Nomura, according to The Australian Financial Review’s Street Talk column.

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Caroline Egan

17 hours ago

Government Policy

Reform roadmap on the agenda for inaugural meeting of Aged Care Transition Taskforce

The Aged Care Transition Taskforce (ACTT) has released a summary of what was discussed at its inaugural meeting, held on 28 November 2024. Members discussed the importance of having a central point of contact where the sector can communicate...

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Caroline Egan

17 hours ago

Technology

The new weekly visitor to an inner-city Melbourne aged care home

Abi, the humanoid companion robot developed by robotics start up Andromeda and uses GPT4 artificial intelligence to recognise faces and build relationships, will visit Benetas’ Gladswood Lodge aged care home in Brunswick West for two or three hours a week.

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Caroline Egan

2 hours ago

Community Living

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Technology

Person Centred Software announces partnership with KPMG’s home care software platform

Technology provider Person Centred Software Australia, which offers software for residential aged care and retirement living operators, has announced a new strategic relationship with KPMG Australia’s Community Care platform, which extends its digital offerings to home care.

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Caroline Egan

Sector Moves & People

Carrington Care’s Raad Richards announces his retirement

Under Raad’s leadership, the provider has successfully rolled out an assisted living model through its Riverview Assisted Living Apartments (pictured), built in partnership with long-time builder Richard Crookes Constructions, which is set to be...

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Lauren Broomham

Retirement and Community Living

90% of residents understand village value proposition: Retirement Village Residents Association survey

The early results of a survey of over 4,000 village residents across the country by the Retirement Village Residents Associations has indicated that the majority understood the terms and conditions of the contract they had signed and were satisfied...

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Group Editor

Development

SA Government proposes four to six-storey retirement villages targeting single occupants

“The aim of the Accommodation Diversity Code Amendment is to increase the number of well-designed, diverse, and affordable housing supply options across the entire state, to respond to these population projections and growth in single person...

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Ian Horswill

DIGITAL EDITION

SATURDAY Issue 90

Every village and RAC will need high speed, reliable connectivity to support virtual health and customer expectations

With more older Australians ageing in place at home – and aged care facing continued workforce shortages – high-speed Internet and private 5G networks are essential. Village and aged care operators will need to meet virtual home care, staffing...

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Lauren Broomham

Opinion

Older, cashed up and ambitious

It looks like the leaders of the retirement village sector of the Noughties are reforming the band, with the formal return of Peter Inge (pictured in 2006) back in the village sector as a serious portfolio builder. Pre the GFC only the private...

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Chris Baynes

Development

Uniting NSW.ACT Westmead village expands with 153 ILUs in Stage 2

Stage 2 of Park Meadows by Uniting NSW. ACT in Westmead, 27km west of the Sydney CBD, has officially commenced, marked by a sod turning event at the site recently. The new village, set for completion in 2027, includes 153 independent living units, an...

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Chris Baynes

Aged Care

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Sector Moves & People

Which aged care provider has been awarded a $136M contract to conduct assessments under new Single Assessment System?

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Caroline Egan

33 minutes ago

Aged Care

Australia’s residential aged care sector facing “crisis in care availability”: UARC

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Lauren Broomham

48 minutes ago

Opinion

Is scale necessary for success in residential aged care? The latest data says yes

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Lauren Broomham

48 minutes ago

Development

Opal HealthCare adds sixth storey to $100M+ care community co-located with Keyton retirement village

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Caroline Egan

2 hours ago

Technology

The new weekly visitor to an inner-city Melbourne aged care home

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Caroline Egan

2 hours ago

Government Policy

Reform roadmap on the agenda for inaugural meeting of Aged Care Transition Taskforce

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Caroline Egan

17 hours ago

Sector Moves & People

Two key Dept architects of the aged care reforms are moving to new jobs

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Caroline Egan

17 hours ago

Funding

Bain Capital-owned Estia Health reportedly secures $300M finance line

Estia Health has secured $300 million in financing from Japanese Bank Nomura, according to The Australian Financial Review’s Street Talk column.

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Caroline Egan

17 hours ago

Technology

In our Innovators edition of SATURDAY: mecwacare invests $20M in digital transformation and AI

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Caroline Egan

17 hours ago

Home Care

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Home Care

Late March release of Support at Home detail leaves 62 working days for implementation

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Caroline Egan

33 minutes ago

Sector Moves & People

Which aged care provider has been awarded a $136M contract to conduct assessments under new Single Assessment System?

Click here

Caroline Egan

33 minutes ago

Government Policy

Reform roadmap on the agenda for inaugural meeting of Aged Care Transition Taskforce

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Caroline Egan

17 hours ago

Saturday

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DIGITAL EDITION

Saturday

Issue 90 | The innovators shaping the sector

Issue 89 | Pioneers never stop growing

Issue 88 | DCM Institute: Striving for excellence

Issue 87 | Getting ‘match fit’ for the future

Issue 86 | The Landings: the private aged care success story

Issue 85 | Aged care optimism 2.0

Lauren Broomham

27 Sep 2024

Conversation at the Wharf

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Retirement and Community Living

Westpac Leading Conversations: Will Baby Boomers pay for additional village care beyond Home Care Packages?

The third video from the Westpac/DCM Group lunch in Adelaide gives great insight into where retirement living is heading as the need for care services in retirement villages rises. The question: Will Baby Boomers pay for additional village care...

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Ian Horswill

Partnering With Westpac

“Are you going to increase your village staffing, with the emphasis on care?” Westpac Leading Conversations in Adelaide

DCM Group CEO Chris Baynes at the latest Westpac Leading Conversations at the Wharf in Adelaide asked “Are you planning to increase your village staffing?” David Moran, CEO of Southern Cross Care SA, NT & VIC; Jenny Hall, CEO of Uniting S...

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Ian Horswill

Partnering With Westpac

Westpac Leading Conversations in Adelaide: Are retirement villages already low care?

DCM Group CEO Chris Baynes at the latest Westpac Leading Conversations at the Wharf in Adelaide asked “Are retirement villages already ‘low care’?”

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Ian Horswill

Partnering With Westpac

VIDEO: ‘Retirement village operators are having to provide at least low care’

The latest Westpac Leading Conversations at the Wharf in Brisbane featured Sean Graham, CEO of Aura Holdings; Jason Eldering, CEO of Southern Cross Care Queensland; Daniel Aitchison (pictured right), CEO of Palm Lake Care; Kaizaad Mehta, National...

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Ian Horswill

Spotlight Sponsored Content

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DIGITAL EDITION

SATURDAY Issue 72

Risky business: the challenge of dementia in the retirement village

With an increasing number of retirement village residents living with some form of cognitive impairment – and few avenues for operators to move them to higher-level care – how can village operators protect themselves and their communities? With...

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Lauren Broomham

DIGITAL EDITION

SATURDAY Issue 71

Does this look like an aged care facility to you? Why this provider wants more people living with dementia to stay at home

With people living with dementia for an average of 10 to 12 years, more Australians than ever are living with dementia at home – is it time for a rethink of the ageing journey? People living with dementia can live well at home, but it requires...

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Lauren Broomham

DIGITAL EDITION

SATURDAY Issue 70

From the top down: why dementia is now core business for village operator Keyton

The math doesn’t lie. Retirement villages are seeing an increase in the number of residents living with dementia – so how can operators get on the front foot? With the average age of retirement village residents now 81, and one in three...

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Lauren Broomham

DIGITAL EDITION

SATURDAY Issue 69

Hospitals are out, home is in: designing aged care when dementia is the norm, not the exception

80% of aged care residents are now living with some form of dementia or cognitive impairment – the pressure is on providers to deliver both a ‘home’ and a safe environment for residents and staff. Today’s aged care homes are seeing an...

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Lauren Broomham

What's On

See more events

Development

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Development

Opal HealthCare adds sixth storey to $100M+ care community co-located with Keyton retirement village

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Caroline Egan

Development

After Council took 289 days to approve a revision, small Not For Profit commences new aged care home in Sydney’s West

Not For Profit Holy Family Services has begun groundworks on its two-storey, 60-bed Nazareth Building, after revisions to its plans to align it with the National Aged Care Design Principles and Guidelines took Blacktown City Council nearly 10 months to approve.

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Caroline Egan

Development

Apollo Care’s Tenterfield Care in NSW opens 28 new aged care beds

Tenterfield Care’s Haddington Aged Care Community, 670km north of Sydney, opened 28 new aged care beds this week, a development made possible with the investment of Apollo Care, which supports struggling Not For Profit aged care homes in regional Australia.

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Caroline Egan

Development

Work begins on $62.8M public aged care home in regional VIC

Victoria’s Minister for Ageing Ingrid Stitt has announced the commencement of work on a new 30-bed aged care home at Mansfield District Hospital, 180km north east of Melbourne, replacing the ageing Buckland House.

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Caroline Egan

Government

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Home Care

Late March release of Support at Home detail leaves 62 working days for implementation

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Caroline Egan

Sector Moves & People

Which aged care provider has been awarded a $136M contract to conduct assessments under new Single Assessment System?

Click here

Caroline Egan

Aged Care

Australia’s residential aged care sector facing “crisis in care availability”: UARC

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Lauren Broomham

Government Policy

Reform roadmap on the agenda for inaugural meeting of Aged Care Transition Taskforce

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Caroline Egan

Sector Moves & People

Two key Dept architects of the aged care reforms are moving to new jobs

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Caroline Egan

Mergers & Acquisitions

Sale price for Kiama Council’s Blue Haven Bonaira aged care home slashed by $6M

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Caroline Egan

Development

Work begins on $62.8M public aged care home in regional VIC

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Caroline Egan

Development

SA Government proposes four to six-storey retirement villages targeting single occupants

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Ian Horswill

Aged Care

“No business case to build”: aged care CEOs share growth outlook on brink of reforms

Australia needs an additional 8,000 aged care beds a year over the next six years and the incoming reforms were intended, in part, to improve sustainability and encourage new builds, yet few aged care operators are willing to take the risk.

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Caroline Egan

Housing News

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Development

SA Government proposes four to six-storey retirement villages targeting single occupants

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Ian Horswill

Housing News

First women aged 55 and over move into social housing in Melbourne as Margot Robbie Netflix doco highlights older women’s homelessness

Construction of the 96 social housing homes, a partnership between National Affordable Housing and Pace Development Group with $50 million provided by the Victorian Government, began in May 2023. The “missing middle” a term used by the...

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Ian Horswill

Housing News

Apollo Care and The Shelter Collective provide 10 homes for women aged over 55 in Rockhampton

The aged care provider is partnering with the Central Queensland-based community-driven group of organisations to provide 10 affordable homes in Rockhampton. The Shelter Collective identifies underutilised or unused property to repurpose as housing...

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Ian Horswill

Community Living

This is not a retirement village or land lease community — it’s a Build to Rent

The Gladstone, which is South Caroline-based Greystar’s first Build to Rent tower in Australia, has opened its doors with two months’ free rent in Melbourne. The largest apartment manager in the US, with over 726,826 units/beds as of 2023 has...

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Ian Horswill

Housing News

Build to Rent laws passed with forecast of 80,000 rental homes in 10 years

The tax incentives in the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024 and Capital Works (Build to Rent Misuse Tax) Bill 2024 apply to Build to Rent (BTR) projects of 50 or more apartments or dwellings, made...

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Ian Horswill

Housing News

WA Government approves development of social and affordable BTR

The first state government-led Build to Rent will have109 one- and two-bedroom social, affordable and specialist disability rental apartments, across a four-storey development. The Smith Street Build-to-Rent (BTR) project is on the site of former...

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Ian Horswill

Housing News

Funding secured for Uniting WA to operate social housing for women over 55 in Perth

The Not For Profit owns Wyn Carr House in Freemantle, 19km southwest of Perth’s CBD, and has secured $7 million from the state government to redevelop it for transitional accommodation for women over 55 facing homelessness. It had been hoped to...

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Ian Horswill

Development

Goodwin will subsidise seven affordable retirement living units in new ACT village

The independent Not For Profit medium rise village in Downer, designed by CK Architecture, which will have 109 Independent Living Units (ILUs) and 20 Assisted Living Apartments. “The 109 ILUs will however include seven Affordable Retirement Living...

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Ian Horswill

Housing News

Every apartment in RFBI’s affordable housing for women over 55 in NSW Mid North Coast snapped up

It is taken six years since the plan was first conceived and now CEO Frank Price is a happy man. The 23 one-bedroom affordable apartments for women over 55 facing homelessness in Watson Place, Bellingen, 547km north of Sydney, is through Belloran...

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Ian Horswill

Community Living

RAAFA WA given $5M towards 16 purpose-built units for veterans

In a pledge to help Western Australian veterans experiencing or at risk of homelessness, the WA Government has announced a $5 million Lotterywest grant to support RAAFA WA’s Andrew Russell Veteran Living (ARVL) program. The pledge comes following...

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Ian Horswill

Housing News

Over 55s encouraged as Stage 2 of Third.i’s Elevate Hume Place in Crows Nest, Sydney, announced as Build to Rent with Wellness amenities

There will be 476 one-, two-, and three-bedroom apartments designed by Woods Bagot in the collaboration between the property developer, co-founded by Luke Berry, and Phoenix Property Investors, directly above the newly-opened Crows Nest Metro...

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Ian Horswill

News & Headlines

Reinventing retirement living? Gurner Group’s “futuristic wellness and anti-ageing utopia”

This utopia might appear fanciful but Tim Gurner has runs on the board. “This will be Australia’s first next-generation wellness precinct where our homes can make us healthier and have a marked impact on our mental and physical wellbeing,” he...

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Ian Horswill

Opinion

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Opinion

Is scale necessary for success in residential aged care? The latest data says yes

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Lauren Broomham

Opinion

Older, cashed up and ambitious

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Chris Baynes

Opinion

With home care now firmly a logistics business, how many operators will seek to exit?

Home care providers are facing two incoming freight trains speeding towards them in 2025. You must ask the question: how many will still be in business in 12 months’ time? The first train: Earlier this week, aged care accountants StewartBrown...

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Lauren Broomham

Opinion

Regulators and village staff have a message for Operators: ‘Training – it’s important’

In NSW, on the accepted recommendations of the Greiner Inquiry, village staff training was enshrined as a cornerstone requirement in the new (2019) Rules of Conduct. But operators are ignoring it. Our research says just 30% of villages (and...

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Chris Baynes

Opinion

Wheel of fortune: who wants a 40-year-old aged care facility?

If you needed proof that the aged care bed drought is real, look no further than the latest Operation of the Aged Care Act 2023-24 which came out on Tuesday (26 November). Page 112 of the 144-page report reveals that the estimated value of building...

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Lauren Broomham

Funding

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Funding

Bain Capital-owned Estia Health reportedly secures $300M finance line

Estia Health has secured $300 million in financing from Japanese Bank Nomura, according to The Australian Financial Review’s Street Talk column.

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Caroline Egan

Government Policy

200 patients still lying in SA hospitals waiting for aged care beds

It would take two large aged care homes to house all the older patients in South Australian hospitals ready to be discharged, but waiting to be offered an aged care bed. The Peter Malinauskas Labor Government’s promise to build more than 600 new...

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Caroline Egan

Government Policy

Hourly updates on Senate Inquiry into the Aged Care Bill 2024 in Canberra today

The Senate Inquiry into the Aged Care Bill 2024 will hold eight hearings around the country this month, with the Inquiry expected to be wrapped up by the end of the year. Acting Inspector-General of Aged Care Ian Yates is the first to appear before the inquiry in Canberra on 3 October 2024.

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Caroline Egan

Government Policy

Inspector-General: aged care reforms do not meet Royal Commission’s expectations

In its Senate Inquiry into the Aged Care Bill 2024 submission, the Office of the Inspector-General of Aged Care (OIGAC), which is led by long-time industry expert Ian Yates AM, has restated its position that Australia should be moving towards...

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Caroline Egan

Government Policy

DoHAC responds to claims of shortfall in Hotelling Supplement

This week, we reported that StewartBrown’s analysis of the Federal Government’s aged care reforms showed the Hotelling Supplement may require an additional $7 per bed per day to “fully meet” the actual cost of delivering hotelling services.

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Caroline Egan

Aged Care

Fed Govt pledges $900M for aged care services in thin markets

Aged Care Minister Anika Wells has announced a $900 million support package for aged care providers operating in thin markets, as part of the Federal Government’s $5.6 billion aged care reforms announced on 12 September. The Government will invest...

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Caroline Egan

Opinion

Optimism 2.0: only three years until billions in new cash flows into aged care

Analysis of the Australian Government’s aged care reforms has forecast the residential aged care sector can expect at least $2-plus billion a year in additional funding in three years’ time. Will it be enough to incentivise new beds? As we...

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Lauren Broomham

Aged Care

StewartBrown modelling on residential aged care reforms: “It’s a good start”

Aged care accountancy specialists StewartBrown have provided modelling to show how the Government’s proposed aged care funding reforms will impact the sector’s financial sustainability. “It’s a good start,“ Grant Corderoy, Senior Partner...

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Caroline Egan

Funding

Only in SATURDAY: aged care reforms are an evolution and not a revolution

The Government’s aged care reforms mark the beginning of a shift in the mindset of the community towards paying for what has been traditionally a majority taxpayer-funded service. How will providers adapt to this marketing opportunity? To find out...

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Caroline Egan

Government Policy

The sector speaks to The SOURCE video: Russell Bricknell, Juniper CEO

Russell Bricknell, Juniper Care CEO, tells Lauren Broomham, Editor of The Weekly SOURCE, the Government’s funding model adjustments give the sector future certainty, and shares his thoughts on the proposed reforms. For more, subscribe to The SOURCE...

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Caroline Egan

Government Policy

The sector speaks to The SOURCE video: Prue Bowden, Group CEO – Home Health at Australian Unity

Prue Bowden, CEO Home Health at Australian Unity, speaks to DCM Group’s Lauren Broomham, editor of The SOURCE, gives her insights into the Government’s aged care reform package and its potential to improve care for older Australians.

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Caroline Egan

Government Policy

The sector speaks to The SOURCE video: Byron Cannon, CEO of LDK Seniors’ Living

In a video interview Byron Cannon, LDK Seniors Living CEO, talks to The SOURCE Editor Lauren Broomham about what the Australian Government’s aged care reforms and the response to the Aged Care Taskforce will mean for private aged care. To read more...

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Caroline Egan

News & Headlines

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News & Headlines

Meet the sector’s innovators in the final issue of SATURDAY magazine for 2024

Every day, leaders across the retirement living, land lease and aged care sectors are on the frontline, driving new approaches and solving the challenges facing the sector – so what are the names you need to know? In the final issue of SATURDAY...

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Lauren Broomham

Out of the Ordinary

2024 DCM Institute VILLAGE SUMMIT tops 630 attendees across five cities

Attendance at the VILLAGE SUMMIT has jumped 32% in 2024, from 470 last November to 630 this year. The third professional development day for the year for Institute Members plus other village leaders, the program is being embraced by more than 150...

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Chris Baynes

Out of the Ordinary

Issue 89 of SATURDAY magazine: Pioneers never stop innovating

Learn more HERE

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Ian Horswill

Chris Baynes

New Aged Care Act – and Plan B co-contribution funding – was achieved just three years to the day from when the sector was called to mobilise

In November 2021, the editorial team here at DCM/The SOURCE sat down and discussed what is the future for aged care. To be blunt, there was no optimism in the sector as operators racked up month after month of financial losses.

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Chris Baynes

In the Headlines

Aveo Group’s $11M settlement saved the retirement living sector

The capitulation by the class action lawyers Levitt Robinson in its six-year bid to score a speculated $100 million-plus from village operator Aveo Group, claiming dodgy contracts and deals with residents, saved the retirement village sector months...

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Ian Horswill

Out of the Ordinary

$5.4M penthouse apartment for sale in retirement village in Auckland’s wealthiest suburb

The construction site (left) is where Abbott Residences is rising beside Nathan Residences (right). This is The Foundation, a retirement village being built in Parnell, Auckland, one of New Zealand’s most affluent suburbs. The asking price for...

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Ian Horswill

News & Issues

StewartBrown Partner Stuart Hutcheon to address ACCPA about Retirement Living Performance Report

The highly impressive initial response by the sector to the news the widely respected aged https://www. linkedin. com/in/david-gallery-9a887b13/care benchmarking accountant is providing an independent survey and report for the advocacy of the...

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Ian Horswill

Health

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Health

ACH opens its third Health Studio with HUR equipment for its wide community

The leading South Australian Not For Profit has opened a new $5 million advanced health and wellbeing hub at Rostrevor, 10km east-northeast of Adelaide’s CBD. The health studio includes a gym equipped with state-of-the-art HUR Australia exercise...

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Ian Horswill

Ageing

Retirement by Moran provides empty Northern Beaches RAC to women in need – offers guidance to others on how

The private operator is facing at least two years to redevelop its 90 bed RAC. It has worked out how to provide it as accommodation to women in need at no cost. An initiative led by Sally Taylor, Managing Director of Retirement by Moran, they bought...

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Ian Horswill

Ageing

SATURDAY subscription magazine: Phil Usher grows from zero to $600M in private aged care with Odyssey Lifestyle Care Communities

The Weekly SOURCE on Tuesday, 6 August, revealed the sector innovator’s fourth private aged care community, operated under the Retirement Villages Act. Now Phil has given an exclusive interview to DCM Group editor Lauren Broomham where he reveals...

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Ian Horswill

Technology

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Technology

The new weekly visitor to an inner-city Melbourne aged care home

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Caroline Egan

Technology

In our Innovators edition of SATURDAY: mecwacare invests $20M in digital transformation and AI

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Caroline Egan

Technology

Person Centred Software announces partnership with KPMG’s home care software platform

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Caroline Egan

Government Policy

Aged Care Transition Taskforce members revealed

The Department of Health and Aged Care has revealed the members of the Federal Government’s new Aged Care Transition Taskforce, which met for the first time last Thursday (28 November 2024).

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Caroline Egan

Mergers & Acquisitions

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Funding

Bain Capital-owned Estia Health reportedly secures $300M finance line

Estia Health has secured $300 million in financing from Japanese Bank Nomura, according to The Australian Financial Review’s Street Talk column.

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Caroline Egan

Mergers & Acquisitions

Sale price for Kiama Council’s Blue Haven Bonaira aged care home slashed by $6M

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Caroline Egan

Mergers & Acquisitions

With its closest aged care home 1,200km away, St Vincent’s Care Services sells Townsville facility to Ozcare

Ozcare was established as part of the St Vincent de Paul Society Queensland in 1996 and nearly 30 years later has more than 50 locations throughout Queensland including 18 aged care homes, with several in and around Townsville

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Caroline Egan

Mergers & Acquisitions

Regis Aged Care and Estia Health complete acquisitions

This week, two acquisitions by Regis Aged Care and Estia Health were completed.

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Caroline Egan

Mergers & Acquisitions

Why we chose Mable as the cover for the final issue of SATURDAY for 2024

Tony Charara and Peter Scutt, the co-founders of the aged care and disability support worker platform, lead Part 1 of our special Innovators issue of SATURDAY – why?

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Lauren Broomham

Mergers & Acquisitions

New competition law reforms to impact M&A in aged care sector

32 new Bills were passed by Parliament on its last sitting day (Thursday 28 November). Given the focus on the new Aged Care Act, the aged care sector could be forgiven for missing significant competition law reforms which are likely to impact a very...

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Lauren Broomham

Mergers & Acquisitions

Would Bain Capital sell Estia Health only a year after acquisition? The Australian says so

Estia Health’s cashflow and internal rate of return have reportedly already met the targets of their December 2023 Bain Capital acquisition, and the US-based purchaser, who spent $838 million, is considering selling out, according The Australian...

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Caroline Egan

Mergers & Acquisitions

Ingenia still a developer as it buys two greenfield sites for almost $30M

Seven days after publicly stating Ingenia Communities is pivoting from being an asset aggregator to an asset developer and operator, it bought two development-approved large greenfield sites in Queensland. Its Ingenia Lifestyles over 50s land lease...

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Ian Horswill

The Economy

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Government Policy

“Development pipeline across sector not going to be sufficient for ageing population”

“The development pipeline across the industry is not going to be sufficient for the ageing population,” Tony told the Property Council

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Ian Horswill

Aged Care

Opinion: the next aged care crisis is here

Read more about Australia’s ‘true’ occupancy rate – and the consolidation taking place in the residential care sector in SATURDAY – subscribe here

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Lauren Broomham

Development

Only in SATURDAY – the real reason aged care beds are hard to find

The Department of Health and Aged Care puts occupancy at 86.2%. Our investigations differ To find out why, subscribe to our premium digital magazine SATURDAY HERE

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Caroline Egan

Home Care

Fiji PM hints at reducing PALM worker numbers

The Prime Minister of Fiji, Sitiveni Rabuka, has indicated that the number of unskilled or semi-skilled workers that come to Australia through the Pacific Australia Labour Mobility (PALM) scheme could be cut, which could limit an important source of...

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Caroline Egan

Community Living

New Zealand needs more retirement villages to meet the demand

A new report by real estate firm JLL on the sector across the Tasman Sea has found demand for places is outstripping supply. A total of 36 new villages were added to the development pipeline last year with 452 villages currently providing homes for...

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Ian Horswill

The Weekly SOURCE

Will retirement living operators heed the call in Western Australia?

The state government has said it seeks to collaborate with the property and construction industry to “increase the supply and diversity of social housing”. The Department of Communities states it is particularly interested in submissions that...

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Ian Horswill

Aged Care

IHACPA releases Consultation Paper for aged care funding in 2024–25

The Independent Hospital and Aged Care Pricing Authority (IHACPA) has released its Consultation Paper on the Pricing Framework for Australian Residential Aged Care Services 2024–25 and asking for submissions from relevant stakeholders. The report...

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Caroline Egan

The Economy

ONLY IN SATURDAY: Aveo Group CEO on making serviced apartments profitable

Serviced apartments, or assisted living options in retirement villages, have been a challenge for the retirement living sector. Ageing village serviced apartments with relatively high weekly fees to cover the mandated meals and other services are...

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Caroline Egan

DCM Research

DCM Institute survey: How long Village Managers think they will stay in the role

The DCM Institute survey of 186 retirement village and community managers across Australia asked how long Village Managers intend to stay in the role and why they intend to leave. The survey found that 78% of Village Managers were generally...

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Section Editor

Topic - Aged Care

Anglicare Sydney pledges to reimburse study debt after one year’s service

Anglicare Sydney has launched a new program to support nurses – it will pay off student debt for employee nurses after one year of study. The new program already has more than 100 interested trainee nurses. Anglicare Sydney’s Chief Executive...

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Section Editor

Topic - Aged Care

Even with 15% pay rise, aged care staff are still earning less than their public hospital colleagues

Even after the 15% pay rise, entry level Registered Nurses working in aged care on the Award will still be earning 17% less than their public hospital counterparts. Data provided by the Australian Nursing & Midwifery Federation (ANMF) shows that...

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Section Editor

Topic - Aged Care

15% wage rise won’t deliver financial sustainability to aged care sector: StewartBrown

The aged care accounting firm has released its analysis of the Government’s funding for a 15% wage increase for aged care workers in the Budget – concluding that the extra funding will fail to deliver the financial sustainability that the sector...

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Section Editor

International

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International

New York State Attorney General sues land lease operator over water so polluted residents have to boil it

New York Attorney General Letitia James last Thursday filed a lawsuit against River Valley Estates, LLC (River Valley), a mobile home park in Sullivan County, and its operators, George Levin and Gayla Sue Levin, for years of failing to maintain...

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Ian Horswill

International

EQT’s Metlifecare increases retirement village portfolio by 50% in 3.5 years

Since leaving the New Zealand stock exchange in 2020 when Swedish private equity firm EQT took over the business, the Auckland-based operator has been transformed by its five-year Full Potential Plan initiated in 2021. “We really have gone through...

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Ian Horswill

International

Promotional video for a senior living resort has 6.4M views – shame it’s not in Australia

Said to be Malaysia’s first purpose-built senior living resort, Millennia Village in Seremban, approximately an hour drive from Kuala Lumpur, is on a13ha site. It is the brainchild of John Chia, Chairman and Managing Director of semiconductor...

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Ian Horswill

Development

Building of retirement villages in New Zealand falls to six-year low as costs hits record high

Only 350 retirement village units were approved across the Tasman Sea in the second quarter of 2024, according to interest. co. nz, which represents a fall of 31% on two years ago. At the same time the average build cost per retirement village unit...

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Ian Horswill

International

Various payment systems at top four UK retirement villages

Research from online care platform Lottie reveals the country’s most popular retirement villages and the difference in how residents Over 55 pay to live in them. Retirement living is not cheap in England with the average price to buy in of nearly...

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Ian Horswill

Not for Profit

Only in SATURDAY: Community Home Australia (CHA) weighs up Bali ‘village’ for Aussie expats

The ink is barely dry on the deposit for its first international resort in Bali, but the innovative dementia care and disability provider already sees further opportunities to expand into accommodation for the growing Australian expat community. As...

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Lauren Broomham

Retirement and Community Living

Time to raise your prices? Look at what is charged for assisted living in the US

A Queensland aged care and retirement living operator told me after a recent tour of the US that his only thought was that his prices were too low. More than 30,600 assisted living facilities are currently active in America, with an average...

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Ian Horswill

Community Living

Can this happen in Australia? UK’s best new building is a retirement village

John Morton Centre, a day centre for residents of Morden College, a retirement community in south-east London, England, has been named winner of the 2023 RIBA Stirling prize for the best new building in the country. “At a time when adult social care...

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Ian Horswill