Prime Trust has reduced its long-term debt from $411 million to $270 million. It has also lifted its sales of the ILU's to 60 in the four months to October, which translates to an annualized rollover rate of 5% [up from 4.5% last year] but a long way from the target of 8%
Opinion
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...
