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AMP now the largest private aged care operate in Australia
Aug 01 2008
1 min read
The Weekly Source

On top of its retirement village expansion, AMP will now indirectly controlled 5,000 beds in aged care, which is 3% of the Australian market. Principal Healthcare Group, part of AMP Capital Investors, paid $300 million for Domain Aged Care’s 16 aged care facilities. The next largest operator is Britain's BUPA, which bought the Amity group last year with 3,600 beds.

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The Weekly SOURCE

SATURDAY is your water cooler talking point: Odyssey’s new direction

When Odyssey Lifestyle Care Communities began planning its $150 million Chevron Island project, it leaned on trusted tier-one contractors. For its future pipeline, the operator is taking a new path. CEO Aaron Lavell talks exclusively to SATURDAY...

Ian Horswill
14 hours ago
The Weekly SOURCE

Brookfield offloads Aveo, targets US$10B American seniors housing giant

Fresh from selling Aveo for $3.85 billion, Brookfield Asset Management is looking to spend more than US$10 billion (A$15 billion) acquiring Yes! Communities, a major US manufactured home operator owned by Singapore’s sovereign wealth fund GIC.

Ian Horswill
15 hours ago
The Weekly SOURCE

Stockland’s Halcyon brand emerges as runaway land lease leader

When Tarun Gupta took over as Stockland CEO in July 2021, he staked his name on land lease communities with a bold $620 million acquisition of Queensland’s Halcyon Group. The move trumped rival offers from Ingenia Communities and Serenitas – and cemented Stockland’s ambition to dominate “the fastest growing lifestyle segment – the Over 50s market.”

Ian Horswill
15 hours ago
The Weekly SOURCE

Senate Inquiry into aged care service delivery deadline extended to October

The Senate Inquiry into Aged Care Service Delivery has been granted a two-week extension, with its final report now due on 1 October 2025 – just a month before the new Aged Care Act and Support at Home program begin.

Caroline Egan
15 hours ago