Gadens lawyer Arthur Koumoukelis, in his RVA road show presentation this week, predicted that accommodation bonds will be linked to capital works, not aged care services. Operators would be limited to using the funds to building and maintenance, not labour, overheads and general services. This means the sector may be building false hopes of freer funds going forward. He believes the bureaucrats have had their long term strategy in place for several years and the Productivity Commission is just a regular check against their blueprint.
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...
