AMP now the largest private aged care operate in Australia

Aug 01 2008 Updated July 4, 2023

The Weekly Source

1 min read

On top of its retirement village expansion, AMP will now indirectly controlled 5,000 beds in aged care, which is 3% of the Australian market. Principal Healthcare Group, part of AMP Capital Investors, paid $300 million for Domain Aged Cares 16 aged care facilities. The next largest operator is Britain's BUPA, which bought the Amity group last year with 3,600 beds.

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

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Mergers & Acquisitions

Bain Capital assesses what’s best for fattened Estia Health 23 months after $838M buy

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

09 Oct 2025

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

St Jude’s Health Care Services’ Perth residential aged care expansion

Perth-based St Jude’s Health Care Services has been named as developer of the aged care facility to be built alongside Providence Lifestyle Wattle Grove retirement village, and the operator has also lodged plans to build a two-storey extension of its existing Midlands Nursing Home.

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Caroline Egan

16 Oct 2025

Developments

Providence Lifestyle files two DAs for over 500 land lease homes in WA

Providence Lifestyle – founded in 2020 by John Green, Brad Denison, James Turnbull and John Wood – has lodged two development applications in Western Australia totalling 504 over-50s homes.

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Levande lodges new SSDA to rebuild 40-year-old Killara retirement village

Levande has returned with a fresh State Significant Development Application (SSDA) to redevelop the 40-plus-year-old Lourdes Retirement Village at Killara, 14km north-west of the Sydney CBD – more than 18 months after the Sydney North Planning Panel rejected an earlier proposal, a decision the operator called “deeply disappointing.”

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Further moves to accelerate retirement living in SA sit on desk of Planning Minister

South Australia – now at the epicentre of Australia’s aged care crisis – is yet to decide whether to allow greater building heights for large retirement villages and supported living developments, despite mounting pressure to expand accommodation options for its ageing population.

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Ian Horswill

13 Oct 2025