Buying

One bullet hole, extensive damage to aged care room

Feb 09 2016 Updated May 3, 2023

The Weekly Source

1 min read

Last Tuesday a single bullet travelled through the window of a Bethania (SE QLD) aged care room, missing the 92-year-old male resident. However it did damage his curtains, television, his wardrobe and plasterboard wall. Police are investigating.

It must have been a substantial bullet.

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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...

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Lauren Broomham

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Mergers & Acquisitions

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

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Ian Horswill

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Caroline Egan

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Opinion

200,000 village residents in assisted living and private aged care within 5 years? Yes

Grant Corderoy tells our private aged care breakfasts that the DMF is likely on the way out and up front membership is the only way to be able to deliver the staff and services this new customer will demand. There will 200,000 of these customers swamping village ‘beds’ in the next 60 months.

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Chris Baynes

08 Sep 2025

Brookfield offloads Aveo, targets US$10B American seniors housing giant

Fresh from selling Aveo for $3.85 billion, Brookfield Asset Management is looking to spend more than US$10 billion (A$15 billion) acquiring Yes! Communities, a major US manufactured home operator owned by Singapore’s sovereign wealth fund GIC.

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Ian Horswill

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In the Headlines

Lifestyle Communities sells Ocean Grove land to pay down debt

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Ian Horswill

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Ian Horswill

10 Sep 2025