Maintaining the trend of the private sector embracing aged care whilst the not-for-profit sector declines new bed licenses, LLP has announced that over the past 12 months it applied for and received 158 new bed licenses, giving them 217 beds in development. They also announced an EBITDA profit per bed of $9,435, plus an expectation their margins will improve in 2010. They have 33 facilities with 2,313 beds. Staff costs as a percentage of revenue is 67.3%.
ATO plans to charge GST on manufactured home parks scrapped
A concerted effort by the Residents Association of manufactured home parks has headed off the ATO which had planned to impose GST in mobile homes. This would have added 10% to the cost of the purchase of a home