Aevum reveals average occupancy and development profit

Sep 17 2009 Updated July 4, 2023

The Weekly Source

1 min read

Aevum has 1,427 ILU residents and 228 Serviced Apartment residents. Their average ILU occupancy is 7.9 years and average SA occupancy is 3.8 years. Across 54 new ILUs developed and sold over the past 12 months, Aevum claims a development profit of 17%.

RIP: We are seeing the death of the family-run aged care operator

It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...

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Lauren Broomham

11 Sep 2025

Mergers & Acquisitions

Opal HealthCare powers ahead with triple Victorian acquisition

Australia’s largest aged care operator, Opal HealthCare, has added three more homes to its Victorian footprint after completing the acquisition of Australian Aged Care Group (AACG) on 1 September 2025.

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Caroline Egan

09 Sep 2025

Mergers & Acquisitions

Scape’s Craig Carracher: Aveo deal cost closer to $4.5B, not $3.85B

Brookfield Asset Management hailed the sale of Aveo as the largest direct real estate transaction in Australian history, quoting a price tag of $3.85 billion.

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Ian Horswill

08 Sep 2025

Retirement and Community Living

Opinion

Is the DMF model dead? Anglicare CEO Simon Miller says yes

After buying 50% of LDK Senior’s Living from Cromwell Property Group in November 2022, Anglicare CEO Simon Miller is going all in on private aged care. Speaking at the DCM Group’s Ask the Visionaries’ Anything breakfast forum at...

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Ian Horswill

16 Sep 2025

Dr Rodney Jilek to take patients living with dementia aged care providers “refuse” to take

Effective immediately, Dr Rodney Jilek’s Community Home Australia has entered into an agreement with Nepean and Blue Mountains Local Health District to provide specialised dementia accommodation for patients aged care providers “refuse” to take.

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AN-ACC class reweighting leaves AdventCare $192K short of budget

David Reece, CEO of Not For Profit AdventCare, which operates two aged care homes in Victoria, said overall the AN-ACC changes announced last Friday afternoon will leave them $50,000 short of budgeted income this year.

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WA’s Shire of Manjimup seeks sale of aged care assets

The Shire of Manjimup Council has voted unanimously in support of a plan to seek Expressions of Interest for the Council’s aged care services, include home care, Moonya Aged Care Home (run by BaptistCare), and land promised for a future aged care home.

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Sam Rae visits Illawarra as region faces nation’s highest rate of ‘bed block’

Federal Aged Care Minister Sam Rae has visited Wollongong to meet with community and industry leaders in a region estimated to be 1,000 aged care beds short.

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Caroline Egan

16 hours ago