Torbay Retirement Group: $16m second village opened

Nov 04 2010 Updated July 4, 2023

The Weekly Source

1 min read

Not for profit operator, Torbay Retirement Villages has opened its second seniors facility the $16m Parklands Retirement Haven in Urangan, Queensland. The new two-storey complex features independent living units, both low and high care, respite care and palliative care.

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

Going nowhere fast: aged care is shrinking yet the sector’s money keeps growing

KPMG’s latest deep dive into the aged care sector is out today – and it confirms what many of us already know. Demand is rising. So is the money. But the sector? It’s still shrinking. Take home care. Government funding soared 29.2% to $8.8...

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Lauren Broomham

26 Jun 2025

Home Care

Australia’s top 25 home care providers according to KPMG

Management consultants KPMG have released their eighth annual analysis of the Australian aged care market, including a ranking of Australia’s top 25 home care providers.

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Caroline Egan

26 Jun 2025

Home Care

Final Support at Home manual now scheduled for September: “not long enough” says Tom Symondson

The Department of Health, Disability and Ageing has confirmed the final version of the Support at Home manual won’t be released until September 2025, but Tom Symondson, CEO Ageing Australia, said the report should be released by 1 August.

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Caroline Egan

26 Jun 2025

Home Care

Two in five home care providers unprofitable as margins squeezed and more will quit sector: UARC

UTS Ageing Research Collaborative (UARC)’s has highlighted concerns about profitability in the home care sector in its Aged Care Sector Mid-Year Report 2024-25, warning continued pressure could see more operators leave the sector in an analysis of StewartBrown Financial Surveys.

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Caroline Egan

26 Jun 2025