Topic - Editorial

Aveo media release

Jun 27 2017 Updated May 3, 2023

The Weekly Source

1 min read

GEG 2017_0627 - Media Release

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...

Click here

Lauren Broomham

11 Sep 2025

Mergers & Acquisitions

Opal HealthCare powers ahead with triple Victorian acquisition

Australia’s largest aged care operator, Opal HealthCare, has added three more homes to its Victorian footprint after completing the acquisition of Australian Aged Care Group (AACG) on 1 September 2025.

Click here

Caroline Egan

09 Sep 2025

Mergers & Acquisitions

Scape’s Craig Carracher: Aveo deal cost closer to $4.5B, not $3.85B

Brookfield Asset Management hailed the sale of Aveo as the largest direct real estate transaction in Australian history, quoting a price tag of $3.85 billion.

Click here

Ian Horswill

08 Sep 2025

Opinion

Is the DMF model dead? Anglicare CEO Simon Miller says yes

After buying 50% of LDK Senior’s Living from Cromwell Property Group in November 2022, Anglicare CEO Simon Miller is going all in on private aged care. Speaking at the DCM Group’s Ask the Visionaries’ Anything breakfast forum at...

Click here

Ian Horswill

16 Sep 2025

Australian aged care robot developer Andromeda secures $23M US boost

Andromeda, the Sydney-based startup behind the Abi companion robot, has landed $23 million in US funding – lifting its valuation to around $100 million.

Click here

60% of CHSP clients still waiting on Home Care Packages, warns Community Vision CEO

Perth-based Not For Profit provider Community Vision says nearly 450 of its customers remain stuck on waitlists for Home Care Packages, despite being assessed as needing higher levels of care.

Click here

Caroline Egan

10 Sep 2025

Technology

Elevator Pitch Mini-series | Designing the future: architecture and construction partners in Aged Care

Facility design directly impacts compliance, operating costs, and resident outcomes. Meet three suppliers delivering projects that balance commercial performance with community benefit. For aged care and retirement living leaders, property is both...

Click here

Lutheran Services expands “proven” aged care nurse practitioner model

The Queensland Not For Profit is doubling down on its nurse practitioner-led aged care model, with new Federal funding set to expand the program across eight sites and provide proof it can ease pressure on hospitals and GPs.

Click here

Caroline Egan

10 Sep 2025