5b4fe6b62bd7d277a44b46362de77cac
Log in
Menu
Log in
Search
Subscribe today
© 2025 The Weekly SOURCE
Archive

VIC government looking to save $75 million over two years by selling 1000 bed

1 min read

The Victorian health Minister, David Davis, has confirmed plans to sell 1000 aged care beds to private and not-for-profit providers for an expected $75 million, stating they can achieve lower costs than the government. Not-For-Profit operator Southern Cross Care has taken over Peninsula Health which the government points to as a very successful collaboration.

Top Stories
Mergers & Acquisitions

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...

Click here

Ian Horswill
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.

Click here

Caroline Egan
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?...

Click here

Chris Baynes
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. 

Click here

Ian Horswill
24 Jun 2025
You might also like
The Weekly SOURCE
Government Policy

18,650 social and affordable homes funded as 370 homes repurposed

The Australian Government’s flagship Housing Australia Future Fund (HAFF) has agreed to fund 9,284 social and 9,366 affordable homes through 279 successful projects under the first two funding rounds of the HAFF and National Housing Accord Facility...

Click here

Ian Horswill
04 Jul 2025
Government Policy

Aged care regulator doesn’t understand retirement living: Daniel Gannon

Peak body the Retirement Living Council (RLC) welcomed the decision of the Department of Health, Disability and Ageing agency last Thursday to cut the proposed the minimum liquidity requirement for refundable retirement deposits for aged care...

Click here

Ian Horswill
04 Jul 2025
Government Policy

Scyne Advisory wins $1.6M Support at Home pricing contract

The Independent Health and Aged Care Pricing Authority (IHACPA) has awarded the $1.6 million contract for the 2025 Support at Home Cost Collection to Scyne Advisory – the consultancy firm spun out of PwC in 2023 and now owned by private equity...

Click here

Caroline Egan
03 Jul 2025
Government Policy

Regulator locks in new liquidity standards for aged care providers

The Aged Care Quality and Safety Commission (ACQSC) has released its consultation report on the draft Financial and Prudential Standards set to come into effect under the new Aged Care Act from 1 November 2025 – and as expected, the core liquidity...

Click here

Lauren Broomham
03 Jul 2025
Log in