Aevum reluctantly accepts Stockland takeover

Sep 23 2010 Updated July 4, 2023

The Weekly Source

1 min read

Aevum has declared Stocklands bid of $1.80 per share not fair but reasonable and has recommended short to medium term shareholder acceptance of the $268 million takeover offer. But in their statement to the ASX, Aevums board declared that no Director had decided to accept Stocklands offer, their reluctance towards the takeover loud and clear.

These new retirement villages show providing care is here and now

Gone are the days when retirement living was defined by community centres, swimming pools and bowling greens. While these amenities still exist – the provision of care is now a core part of the value proposition. Hyegrove Willoughby on Sydney’s...

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Ian Horswill

07 Oct 2025

Government Policy

The three aged care bombshells from Senate Estimates

Last week’s Senate Estimates hearing – held just three weeks before sweeping reforms roll out – gave politicians the chance to ask Government heavyweights the questions they’re getting from constituents and to interrogate the once-in-a-generation changes.

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Caroline Egan

15 Oct 2025

Mergers & Acquisitions

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The US-based private investor is reportedly believed to have contracted investment bank Barrrenjoey to see if its residential aged care business can be sold for a sizeable profit or should be floated on the ASX. The Australian, which reported Bain...

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Ian Horswill

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Opinion

The retirement village identity crisis

It is with great interest we are following the developments in South Australia regarding the planning classification of retirement villages as ‘essential infrastructure’. The catalyst? Senior Australians locked in hospital beds with no place to...

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James Wiltshire

14 Oct 2025

ABC 7.30 hones in on higher home care fees under Support at Home

The ABC’s 7.30 program has put the spotlight on increased consumer contributions under the Government’s new Support at Home scheme, set to begin 1 November 2025. As The Weekly SOURCE reported in SATURDAY back in July, from 1 November 2025, clients approved for Home Care Packages after 12 September 2024 will be required to contribute up to 15% of their service costs. That co-payment could mean $70 to $210 per week for basics like showering or domestic help.

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Heritage Care found not guilty over deadly COVID-19 outbreak in 2020

A jury has found Victorian aged care provider Heritage Care did not breach the state’s Occupational Health and Safety laws by not properly training staff to use personal protective equipment (PPE) before a deadly COVID-19 outbreak.

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Caroline Egan

17 Sep 2025

In the Headlines

Lifestyle Communities sells Ocean Grove land to pay down debt

ASX-listed land lease operator Lifestyle Communities has finalised the first of four land sales as part of a $114 million divestment program to cut debt.

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Government confirms AN-ACC price rise and 42% hotelling supplement boost

The Albanese Government has confirmed new funding increases for residential aged care from next month – including a significant 42% jump in the hotelling supplement. From 1 October 2025, the Australian National Aged Care Classification (AN-ACC)...

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Lauren Broomham

12 Sep 2025