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61 bed private hospital sold for $30M

1 min read

St Andrew’s Healthcare’ Westmead Rehabilitation Hospital has been sold by Colliers property agent Shane Nicholson for $29.86M. With 61 beds, it is located close to Sydney’s Westmead Hospital. Leases with tenants Pulse Health and Generation REIT had to be renegotiated to make the deal happen – resulting in a new yield of 8.75%.

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Aged Care

Peak bodies outcry over Aged Care Taskforce silence: ‘no excuse for delay’

Catholic Health Australia, the peak body representing 350 Catholic Not For Profit aged care facilities, said there “is no excuse for delay” in the reform of aged care by adoption of the Aged Care Taskforce recommendations. “It’s been six months...

Ian Horswill
14 May 2024
Government Policy

“End this uncertainty”: aged care sector implores Govt to act on Taskforce recommendations

Aged care providers are expressing their disappointment in reports the Government will not unveil its responses to the Aged Care Taskforce’s recommendations in tomorrow’s Federal Budget. Last week, The Australian reported that aged care will not be...

Caroline Egan
13 May 2024
Aged Care

Unions and aged care providers’ peak body at odds over staggering Stage 3 wage rise

The peak body for aged care providers, Aged and Community Care Providers Association (ACCPA), is reluctantly supporting the Government’s April 2024 proposal to phase in the Fair Work Commission (FWC)’s Stage 3 wage rise for aged care workers. “The...

Caroline Egan
14 May 2024
Opinion

Disappointment confirmed: Taskforce recommendations excluded from next Tuesday’s Budget

I wrote in March that the release of the recommendations was “all about shifting the ground and conversations”

Chris Baynes
09 May 2024
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