Japara: Board knew of insolvency in 2009 & possible sale

Sep 02 2010 Updated July 4, 2023

The Weekly Source

1 min read

Court documents have shown that the former Japara CEO at the centre of the court case, Arnan Rouse, sent an email saying he was concerned about the companies insolvency in May 2009. Board minutes and a sales document show that Japara's shareholders have been looking to sell for up to $500 million and have identified two potential buyers.
http://www.thesourcetoday.com.au/p602_Japara-Court-case-reveals-Board-knew-of-insolvency-in-2009.html

VCAT rules Lifestyle Communities’ DMF model illegal

Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...

Click here

Ian Horswill

07 Jul 2025

Mergers & Acquisitions

“Aveo is a fantastic business, run by a fantastic management team”: Scape CEO Stephen Gaitanos backs landmark $3.85B acquisition

Scape Australia CEO Stephen Gaitanos has praised the leadership of retirement living operator Aveo, following its acquisition by The Living Company – Scape’s parent – for $3.85 billion, in what is now the largest direct real estate transaction...

Click here

Ian Horswill

30 Jun 2025

Community Living

Catholic Healthcare investing $600M to build connected communities across NSW

One of Australia’s largest Not For Profit providers of home care, residential care and retirement living services, is investing over $600 million over the next five years in five innovative connected communities in New South Wales. “We’ve spent...

Click here

Ian Horswill

07 Jul 2025

Government Policy

Regulator locks in new liquidity standards for aged care providers

The Aged Care Quality and Safety Commission (ACQSC) has released its consultation report on the draft Financial and Prudential Standards set to come into effect under the new Aged Care Act from 1 November 2025 – and as expected, the core liquidity...

Click here

Lauren Broomham

03 Jul 2025

Ageing Australia welcomes Quality Commission’s report on liquidity ratios

Ageing Australia has welcomed the Aged Care Quality and Safety Commission (ACQSC)’s review of proposed Liquidity Standards due to come in with the aged care reforms in November, saying the original proposal could have threatened investment in the ageing sector.

Click here

Govt needs to bring forward review of aged care accommodation funding: Uniting NSW.ACT

Not For Profit Uniting NSW.ACT, which is the largest provider of support to older people of limited means in NSW and the ACT, is calling on the federal Government to urgently bring forward its planned review of aged care accommodation funding for clients who cannot cover the cost of aged care services.

Click here

Caroline Egan

10 Jul 2025

Aged Care

Mates seek Govt funding for Cunnamulla QLD aged care after home closed in 2020

When Daniel Manley and Brett Sandy went to their community in Cunnamulla, 800km west of Brisbane, floating the idea of opening an aged care facility in the town, they received 47 applications in 10 minutes and had to take the proposal down from the...

Click here

A return to the dark days: Negative media headlines are back – can the sector pressure the Government for real change?

In 2018, just before the ABC’s Who Cares? program aired and the Morrison Government announced the Royal Commission into Aged Care Quality and Safety, the headlines around home care and aged care turned bleak. Reading the papers this week, it’s...

Click here

Lauren Broomham

10 Jul 2025