Aged Care

SATURDAY subscription magazine: Baptcare has an ambitious plan - with one key proviso

Sep 05 2024 Updated September 4, 2024

Caroline Egan

1 min read

Not For Profit Baptcare has a bold target to reach 5,000 aged care beds from its existing 1,700.

With $1.3 billion needed to build the additional 3,300 beds, can it be achieved? What must occur to make the developments' financial viability stack up?

Find out in the latest issue of SATURDAY digital magazine. Subscribe here.

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...

Click here

Ian Horswill

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.

Click here

Caroline Egan

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?...

Click here

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.

Click here

Ian Horswill

24 Jun 2025

Construction starts on $428M GemLife Elimbah - its third land lease community in QLD’s Moreton Bay

Construction has started just two months after the land lease communities developer secured development approval for the 404-home gated estate. GemLife Elimbah has been fast-tracked ahead of its official market launch in the coming weeks, to meet...

Click here

RSL LifeCare reveals reimagined vision for 86-year-old flagship village on Sydney’s Northern Beaches

Since its establishment in 1939, the ANZAC Village in Narrabeen – 23 kilometres northeast of Sydney’s CBD – has evolved through 30 individual developments, growing into a community that offers retirement living, residential aged care, home...

Click here

Grand opening of Living Choice Flagstaff Hill retirement village set for tomorrow

South Australia’s first integrated golf course and retirement community will officially open tomorrow (Saturday 28 June), with the launch of The Summit and The Fairway apartment buildings, and the unveiling of the newly rebuilt Flagstaff Hill Golf...

Click here

Lincoln Place wins approval for 209-home community in VIC’s Gippsland Lakes

“This is an incredible site with north-easterly water views across King Lake and has been designed as an extension of the existing neighbourhood, albeit it with access to significant resort-style amenities,” said Paul Yeo, CEO of Lincoln Place

Click here

Ian Horswill

27 Jun 2025