Aged care solar installation offers 30% return.

Apr 11 2013 Updated July 4, 2023

The Weekly Source

1 min read

Padman Healthcare, SAs largest private aged care operator, has invested nearly $400,000 on a 99 kW solar system at each of its Flagstaff Hill Centre and Lockley Centre, with the expectation of $120,000 savings in energy costs in the first year. They state they currently have electricity bills of $10,000-$14,000 per month, per centre. Padman is a family business with 12 centres in SA and two in QLD.

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

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

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

Opinion

200,000 village residents in assisted living and private aged care within 5 years? Yes

Grant Corderoy tells our private aged care breakfasts that the DMF is likely on the way out and up front membership is the only way to be able to deliver the staff and services this new customer will demand. There will 200,000 of these customers swamping village ‘beds’ in the next 60 months.

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Chris Baynes

08 Sep 2025

SATURDAY knows the future: No RAC, no DMF – the future of retirement living

Scalabrini CEO Richard de Haast is rewriting the rules with Harbourside, a $60 million waterfront project that swaps outdated funding models and RAC beds for customer choice, future-proofed apartments and private care safety nets. Why is this...

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Lauren Broomham

09 Sep 2025

Out of the Ordinary

Embedded electrical networks generate real sales advantages

With power prices rising and buyer expectations higher than ever; embedded electrical networks do not only streamline operations but they are the ”three words” today’s customers are wanting. Prospecta Utilities says rolling out embedded...

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Land lease operator GemLife launches on the ASX in the year’s biggest IPO

In just nine years, 37-year-old Adrian Puljich marked a huge milestone – celebrating with his family, residents, staff, the new board, legal teams and The Weekly SOURCE as he launched his business on the Australian Stock Exchange. “What...

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Ian Horswill

03 Jul 2025

Out of the Ordinary

Council deny this 18ft high tree at Perth retirement village is a danger

Retention of the tuart tree, Eucalyptus gomphocephala, was a condition in the 2016 development approval for the retirement village despite it being known as one of the six forest giants of southwest Australia. Today, the tuart more than 40 years old...

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Ian Horswill

16 Jun 2025