Pittwater Council: Loses seniors living battle in L&E Court

Sep 16 2010 Updated July 4, 2023

The Weekly Source

1 min read

Pittwater Council has lost the appeal in the Land and Environment Court (L&E) against its refusal of a seniors living development at Church Point. Council initially refused the application to build 10 self-contained units in three buildings.

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

26 Jun 2025

Chris Baynes

Aveo transformation masterclass: turning $1.27B into $3.85B in 55 months

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

26 Jun 2025

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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Caroline Egan

26 Jun 2025

Sector Moves & People

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

Health Metrics acquired by US private equity firm Accel-KKR

“We’ve delivered strong growth under Tanarra’s guidance, and I believe Accel-KKR will help take that to the next level,” Paul told The Weekly SOURCE

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Pacific Equity Partners finalises 50% stake in Opal HealthCare

On 30 May 2025, Pacific Equity Partners (PEP), one of Australia’s oldest and most successful private equity firms, finalised its acquisition of a 50% stake in Opal HealthCare – Australia’s largest residential aged care provider – after securing shareholder and regulatory approvals.

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Caroline Egan

18 Jun 2025

News & Issues

Sector Moves & People

Former Estia Health boss appointed CEO of Melbourne aged care operator Mayflower

Not For Profit aged care operator The Mayflower Group, which has three aged care homes and one retirement village in Melbourne, has announced the appointment of global health and aged care leader Paul Gregersen (pictured above) as its new CEO. Paul...

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Rethinking healthcare at home: why Amplar Health is building the future for ageing Australians

Australia’s population is ageing, hospitals are under pressure, and traditional care models are falling short. Amplar Health, led by CEO Robert Read (pictured above), is reimagining healthcare with hospital-level services delivered at home...

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Lauren Broomham

12 Jun 2025