BUPA: NSW nurses 2.6% pay offer rejected by staff on union recommendation

Jul 19 2010 Updated July 4, 2023

The Weekly Source

1 min read

Nurses and other staff working at Bupa Care Services, the UK owned aged care operator, 21 NSW aged care facilities have rejected a 2.6% annual pay rise, over four years, with nearly 85% of staff voting no. The Nurse's Union claimed the offer would see nurses working for Bupa, earn less than aged care nurses at most for profit and not for profit facilities.

Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania

Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...

Ian Horswill

22 Apr 2024

Acquisitions

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...

Lauren Broomham

24 Apr 2024

Opinion

576 village sellers are waking up: buyers are knocking on doors as the demand and supply penny drops on seniors accommodation

With Aveo selling 16 villages and RetireAustralia, with 29 villages, now also up for full sale (again), we hear a lot about these big players in seniors accommodation, but little about the little guys – and there are a lot of them. In fact we have...

Chris Baynes

22 Apr 2024

Opinion

Shared Care closer than we may think for retirement villages – will independent living fade away?

Over the weekend I was trawling through the slide deck of the Department of Health and Aged Care webinar in February discussing the future direction of Home Care and Support at Home. Hidden on about slide 46 was the clipping above which clearly...

Chris Baynes

30 Apr 2024

Aspen Group ups its offer to buy seniors rental operator Eureka

Aspen offered 0.28 of its own shares for every Eureka share, in a best-and-final bid that has no minimum acceptance conditions and runs until 28 May. It’s an increase from the 0.26 ratio it offered earlier, which has been rejected by the board and...

Ian Horswill

02 May 2024

Topic - Acquisitions

Lifestyle Communities buy land for 740 more homes as home sales fall by 16% as customers struggle to sell their homes

Co-Founder and Managing Director James Kelly said the business had bought three pieces of land named in the $275 million capital raising presentation in February 2024. “Subject to successful completion of due diligence and execution of binding...

Ian Horswill

29 Apr 2024

Topic - Acquisitions

Corless Group buy land approved for a Country Club Living retirement village

The 24ha site in Warrnambool, a city on the Great Ocean Road, 265km southwest of Melbourne’s CBD, had approval in December 2022 to become Warrnambool Shores Country Club, the 11th such development from Stewart Gull’s Country Club Living. The site...

Ian Horswill

29 Apr 2024

Topic - Acquisitions

Equinox Property Group’s Enclave at Healesville land lease and holiday park in Victoria sold to international investor for $5.2M

The private funds management firm based on property investments in the affordable accommodation sector has sold one of its two land lease communities. Enclave at Healesville, set on 2.6ha in Badger Creek, in the Yarra Valley, 64km northeast of...

Ian Horswill

29 Apr 2024