The Catholic diocese of Maitland-Newcastle is putting its aged-care properties on the market, potentially valued at $100million. The huge compensation bill from child sex abuse victims is thought to be behind the sale. The diocese has called for expressions of interest from three Catholic aged care providers to buy and manage 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...