Rod Young is warning the aged care sector that the Federal government focus on bringing in a surplus budget is highly likely to stall the implementation of the Productivity Commission. He states the National Disability Insurance Scheme is more likely to get the limited funding. This will mean the sector will be put back at least one year and possibly two given next year is an election year, when a balanced budget will also be vital for Labor.
Mergers & Acquisitions
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...
