Domain Principal Group close to 50% sale by AMP Capital

Jul 01 2013 Updated July 4, 2023

The Weekly Source

1 min read

AMP Capital is seeking $150 million and is believed close to securing an Asian investment fund for just under 50% of Australias largest aged care operator, Domain. They want the cash to fund continued expansion of the business.

Brookfield sells retirement village operator Aveo for $3.85B

Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...

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Ian Horswill

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Aged Care

Australia’s top 25 residential aged care providers ranked: KPMG

KPMG’s eighth annual review of the Australian aged care market features the ranking of the top 25 residential aged care providers, with Opal HealthCare retaining its number one spot.

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Today’s confirmation of the sale of Aveo is dated 26 June 2025. Brookfield took the keys to Aveo in November 2019, or four years and seven months ago. On first blush they made $2.58 billion profit in those 55 months, or did they make a lot more?...

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Chris Baynes

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Simon Owen appointed Managing Director of Eureka Group Holdings

Simon Owen, currently CEO of ASX-listed Eureka Group Holdings, will take on the additional role of Managing Director from 1 July 2025.

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Ian Horswill

24 Jun 2025

Six Whiddon-led Collaborative Health Care Initiative pilots go live in regional NSW

Six 12-week pilots under the Collaborative Health Care Initiative have commenced with the aim of improve aged care in regional Australia. Led by Whiddon CEO Chris Mamarelis, the project bridges gaps between the aged care and broader healthcare systems.

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The Weekly SOURCE

Sector Moves & People

Respect Aged Care CEO Jason Binder appointed to Ageing Australia board

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NSW aged care beds at capacity: older hospital patients up 50% in five months

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Lingering burden of COVID-19 hits aged care as winter cases surge

COVID-19 cases in Australia’s aged care homesincreased 20% in the week to 26 June, with 1,752 resident cases recorded, the highest number in 12 months. Staff cases rose 25% to 694. Overall, there were outbreaks across 307 homes, a 15% increase on...

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