Aged Care

SATURDAY: Increased worker utilisation, reduction in payroll processing times – the real-world benefits of integrated technology systems

Jul 26 2023 Updated March 12, 2024

Caroline Egan

1 min read

Since Not For Profit home care provider Community Vision invested more than $1 million in their information technology systems, the results speak for themselves.

CEO Yvonne Timson says their integrated IT systems not only deliver efficiencies, but they also deliver real-world benefits to older people.

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Brookfield sells retirement village operator Aveo for $3.85B

Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...

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Ian Horswill

26 Jun 2025

Chris Baynes

Aveo transformation masterclass: turning $1.27B into $3.85B in 55 months

Today’s confirmation of the sale of Aveo is dated 26 June 2025. Brookfield took the keys to Aveo in November 2019, or four years and seven months ago. On first blush they made $2.58 billion profit in those 55 months, or did they make a lot more?...

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Chris Baynes

26 Jun 2025

Sector Moves & People

Simon Owen appointed Managing Director of Eureka Group Holdings

Simon Owen, currently CEO of ASX-listed Eureka Group Holdings, will take on the additional role of Managing Director from 1 July 2025.

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Ian Horswill

24 Jun 2025

Sector Moves & People

Former Estia Health boss appointed CEO of Melbourne aged care operator Mayflower

Not For Profit aged care operator The Mayflower Group, which has three aged care homes and one retirement village in Melbourne, has announced the appointment of global health and aged care leader Paul Gregersen (pictured above) as its new CEO. Paul...

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Caroline Egan

16 Jun 2025

It’s 1 November or bust: Ageing Australia calls for clear roadmap, rule fixes during Act delay

The sector has four months to get ready for the new Aged Care Act – and Ageing Australia CEO Tom Symondson says providers need clarity now. Speaking at the NSW/ACT State Conference on Thursday (26 June), Tom said the sector is at risk of wasting...

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Going nowhere fast: aged care is shrinking yet the sector’s money keeps growing

KPMG’s latest deep dive into the aged care sector is out today – and it confirms what many of us already know. Demand is rising. So is the money. But the sector? It’s still shrinking. Take home care. Government funding soared 29.2% to $8.8...

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Lauren Broomham

26 Jun 2025

Aged Care

Australia’s top 25 residential aged care providers ranked: KPMG

KPMG’s eighth annual review of the Australian aged care market features the ranking of the top 25 residential aged care providers, with Opal HealthCare retaining its number one spot.

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Caroline Egan

26 Jun 2025

Aged Care

How to make residential aged care viable: UARC

UARC’s 134-page Aged Care Sector Mid-Year Report 2024-25 states that in the six months to 31 December 2024, 48% of homes operated at a loss, an improvement from the 64% operating at a loss for the same period the previous year.

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Caroline Egan

26 Jun 2025