Aspen Group: little change in profits

Aug 26 2010 Updated July 4, 2023

The Weekly Source

1 min read

The Aspen Group has announced a FY10 profit after tax of $33.6 million, only slightly up from last year. Aspen was one of the few achievers last financial year, posting a profit of $33.2 million in FY09. Aspen Living currently manage five residential land estates in Australia and plan to create over 6000 home sites and build land assets to over a $1 billion.

The guru of aged care: retirement living’s future is private aged care

The retirement sector is going to have to move into assisted living and ultimately private aged care. Baby Boomers, now aged 61-79 now, will demand it. With the funnelling of older Australians into residential aged care already hitting full...

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Ian Horswill

26 Aug 2025

Mergers & Acquisitions

Land lease operator Lincoln Place buys site in Yeppoon, QLD, for its biggest estate

In July 2023, Lincoln Place founders Nicholas Collishaw and Ben Hindmarsh told The Weekly SOURCE they expected to build in scale to be in the “top three in the (land lease) sector” Their latest acquisition - a 31.25ha site in the Yeppoon suburb...

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Ian Horswill

21 Aug 2025

Aged Care

Care minutes risk undermining Bupa’s virtual care success in aged care

Bupa Villages and Aged Care says its virtual care Wellness Hubs are driving better clinical outcomes, quicker response times and new career pathways for staff – but warns the model is unsustainable under current Government policy.

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Caroline Egan

20 Aug 2025

Government Policy

People dying waiting for home care, Inspector-General of Aged Care told

The Inspector-General of Aged Care Natalie Siegel-Brown has called on the Federal Government to release additional Home Care Packages before 1 November, stating her office has received “tragic instances of loved ones dying while waiting”” for a package.

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Caroline Egan

21 Aug 2025

Sam Rae hammered in Question Time over home care waiting list

The parliamentary week opened with Aged Care Minister Sam Rae, just three months into the role, facing a barrage of questions about the ballooning home care waiting list – including calls to apologise to the 5,000 families whose loved ones died before receiving their Home Care Package.

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5,000 older Australians died last year waiting for Home Care Packages: Senate Inquiry hears

The Senate Inquiry into Aged Care Service Delivery today heard almost 5,000 older Australians died last financial year waiting for the level of Home Care Package they have been assessed as needing. More than 87,000 wait for the level of home care they have been assessed as needing.

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Australian Unity FY25 results: acquisitions drive profits higher

The ASX-listed mutual company Australian Unity reported EBITDA of $136.2 million for the year to 30 June 2025, nearly double the previous year’s $65.8 million. Revenue was up 24% to $2.6 billion.

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Only in SATURDAY: Regis’ $339M Rockpool deal shows acquisitions are outpacing builds

Just when the aged care sector needs them most, Rockpool is building “stunning, state-of-the-art” aged care homes. The sale of four homes to Regis allows them to accelerate growth. To find out more, read SATURDAY.

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Caroline Egan

28 Aug 2025