The 2008 Stewart Brown Business Solutions Benchmark Survey of 280 care facilities found that less than a third of participating high care facilities achieved a net operating profit, with the average result being a deficit of $7.08 per bed day. Facilities with mostly single rooms suffered bigger losses than those that had more multiple-bed rooms plus facilities with a separate dementia unit delivered a poorer net operating result.
Five Prime Trust directors found to a breach their duties when handing over $33 million to Bill Lewski
Corporate watchdog ASIC was successful in the Federal Court, obtaining a ruling that the five former directors of Prime Trust are liable for breaching their duties as officers of the trust APCHL. They agreed to the amendment of the Constitution of...