New Horizons: New license option in $1.5m refurbishment

Sep 16 2010 Updated July 4, 2023

The Weekly Source

1 min read

A northern NSW retirement village has been completed to provide rental style accommodation for seniors. New Horizons residents will pay $70,000 for a lifetime licence giving them the right to live in one of the units. Residents will also pay a weekly amount of $135, after government rent assistance, for hotel style services such as three meals a day.

RIP: We are seeing the death of the family-run aged care operator

It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...

Click here

Lauren Broomham

11 Sep 2025

Mergers & Acquisitions

Opal HealthCare powers ahead with triple Victorian acquisition

Australia’s largest aged care operator, Opal HealthCare, has added three more homes to its Victorian footprint after completing the acquisition of Australian Aged Care Group (AACG) on 1 September 2025.

Click here

Caroline Egan

09 Sep 2025

Mergers & Acquisitions

Scape’s Craig Carracher: Aveo deal cost closer to $4.5B, not $3.85B

Brookfield Asset Management hailed the sale of Aveo as the largest direct real estate transaction in Australian history, quoting a price tag of $3.85 billion.

Click here

Ian Horswill

08 Sep 2025

Opinion

Is the DMF model dead? Anglicare CEO Simon Miller says yes

After buying 50% of LDK Senior’s Living from Cromwell Property Group in November 2022, Anglicare CEO Simon Miller is going all in on private aged care. Speaking at the DCM Group’s Ask the Visionaries’ Anything breakfast forum at...

Click here

Ian Horswill

16 Sep 2025

AN-ACC class reweighting leaves AdventCare $192K short of budget

David Reece, CEO of Not For Profit AdventCare, which operates two aged care homes in Victoria, said overall the AN-ACC changes announced last Friday afternoon will leave them $50,000 short of budgeted income this year.

Click here

WA’s Shire of Manjimup seeks sale of aged care assets

The Shire of Manjimup Council has voted unanimously in support of a plan to seek Expressions of Interest for the Council’s aged care services, include home care, Moonya Aged Care Home (run by BaptistCare), and land promised for a future aged care home.

Click here

Sam Rae visits Illawarra as region faces nation’s highest rate of ‘bed block’

Federal Aged Care Minister Sam Rae has visited Wollongong to meet with community and industry leaders in a region estimated to be 1,000 aged care beds short.

Click here

St Bart’s $46M aged care home for homeless partly funded by $30M Federal grant

St Bart’s has secured Federal funding for its long-planned aged care home in East Perth, with the Albanese Government confirming this afternoon it will contribute $30 million towards the $46 million build.

Click here

Ian Horswill

15 hours ago