The NFPs didnt have speakers giving figures but there was plenty of talk in the corridors,
acknowledging they have more villages than the private sector and are just as aggressive, with
the likes of Blue Care from Queensland with 14 projects on the go, Salvation Army with several
big projects, Southern Cross building in every state (separately) and so on.
Regular comments were made that the NFPs have some significant competitive advantages.
They dont pay tax, dont pay GST on construction, their staff can get a tax free kick of up to
$15,000 a year and they get land at times on preferential deals
Breaking news: For Purpose Investment Partners’ aged care platform buys Graeme Croft’s Signature Care
For Purpose Aged Care Australia (FPACA), the aged care provider established by social impact investment vehicle For Purpose Investment Partners (FPIP), is moving forward on its vision of reaching 5,000 beds, acquiring 14 aged care homes – eight on...