The Australian Nursing Federation has commenced lobbying for a ratio of one registered nurse for every seven aged care residents, which could substantially change the economics of care provision. The union states there are cases where there is only one nurse for every 30 patients. Current nurse wages are approximately 30% lower in aged care to general hospitals making this 1:7 ratio currently unlikely.
Breaking news: For Purpose Investment Partners’ aged care platform buys Graeme Croft’s Signature Care
For Purpose Aged Care Australia (FPACA), the aged care provider established by social impact investment vehicle For Purpose Investment Partners (FPIP), is moving forward on its vision of reaching 5,000 beds, acquiring 14 aged care homes – eight on...