Total Company: Bahrain investor loans RV developer US$150m

Jun 21 2010 Updated July 4, 2023

The Weekly Source

1 min read

Bahrain based, Western Gulf Advisory has secured a deal to lend $US150 million to Australian retirement village developer, Total Company. Total is controlled by Mick Squillacioti and his partner Kevin Ryan who are behind the high-end Kantarra Lifestyle Village in NSW. Mr Ryan is also the founder and managing director of Waterbrook in Greenwich.

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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Caroline Egan

16 Jun 2025

Opinion

War of words threatens every retirement village with a big financial hit

The council for a tourist city in Queensland, which has seven retirement villages, shows no care for residents as it creates new rules that will cost $60+ million p.a. nationally. The Retirement Living Council has been on the residents’ side in an...

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Ian Horswill

10 Jun 2025

Mergers & Acquisitions

Banks said to be ready to bankroll Scape’s $3B bid for retirement village operator Aveo

Australia’s largest student accommodation provider is reported to be close to announcing its purchase of the second largest retirement village operator, which was put for sale by its owner Brookfield Asset Management in June last year. The buyer...

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Ian Horswill

09 Jun 2025

Funding

Land lease operator GemLife’s IPO to surpass Virgin Australia, with 3 July listing confirmed

Adrian Puljich, his father Peter and Singapore diversified company Thakral Corporation opened talks on the possibilility of becoming a publicly listed business in April. A prospectus for the float will be lodged with the Australian Securities and...

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Ian Horswill

16 Jun 2025

Reaping what we sow: No aged care beds. Now what? Time for Plan T

Australia’s aged care sector is in crisis – and no one should be surprised. After years of underbuilding, we’re now paying the price. Our analysis of GEN Aged Care Data shows that between 2020-21 and 2023-24, South Australia added just 253...

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Home care providers fear sector collapse without urgent funding and reform clarity: Enkindle survey

Financial viability has overtaken workforce shortages as the top concern for home care providers in 2025, according to aged care advisory firm Enkindle Consulting’s third Home Care Provider Outlook Survey. The 29-page report, based on feedback...

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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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Care minutes compliance jumps as funding penalty deadline looms: Mirus

Total care minutes per resident per day (prpd) increased 1.34% to 212.09 between April and May, while Registered Nurse (RN) minutes rose 1.52% to 43.77, according to aged care advisory firm Mirus Australia in its latest June survey. The survey...

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Caroline Egan

19 Jun 2025