Times have not been easy for Ted Sent. Having sold Primelife but retained as Managing Director, he was subsequently sacked in 2003 when discovered bugging the board meetings. In 2006 the tax office hit him with a $2.6 million bill for tax evasion. Now he has a bill of $4.3 million and ordered to pay an extra $3.3 million in interest. All this on top of his Beachmere Sands development north of Brisbane with plans for 1,100 ILUs gong into receivership last year. It was purchased from
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...
