Aveo Half Year sales reflects retirement village market: deposits up 120%, written sales down 10%
The country’s second largest retirement village operator, with 88 communities and 11,786 village homes, has released its Half Yearly performance…
Browsing: Money
LASA wanted $1.47B more in the April budget – got $662M over the weekend
Last week Leading Aged Services Australia (LASA) made a comprehensive budget submission to government asking for $1.47B for aged care.…
Brookfield and Blackstone eyeing off Aveo, plus sales results next week
The Australian’s Dataroom section is reporting the private equity firms are among the parties looking to acquire the village operator…
Eight years and counting: ASIC wins landmark High Court appeal in Prime Trust case
The Australian Securities and Investments Commission (ASIC) had alleged former federal health minister Michael Wooldridge and other board members breached…
Liberals spruiks ‘record’ $58M spending on short-term aged care ahead of Royal Commission – and Federal election
A pre-emptive move ahead of the first round of Royal Commission hearings next week? The extra 775 new Short-Term Restorative…
RSL NSW inquiry: former state president Don Rowe charged with fraud
The final chapter to the long-running NSW Government investigation into the state’s RSL aged care branch. As we covered here,…
Ryman named NZ’s biggest residential builder – retirement villages take four of top 12 spots
The country’s largest village operator built 39 projects in some stage of development worth NZ$899.9 million – an average value…
Aged Care Guild CEO Matthew Richter says $54B needed to build 88,000 aged care beds in next decade
Mr Richter has told the Fin Review that the industry has only delivered around 34,000 new beds in the last…
Japara secures $345M loan facility with Commonwealth Bank, National Bank and ANZ Bank to grow development pipeline
The new five-year facility will be used to fund the listed operator’s extensive greenfield and brownfield developments as well as…
Flinders University and nurses union advocate for aged care nurses to save $2.6 billion
The Australian Nursing and Midwifery Federation (AMNF) Federal Secretary Annie Butler commissioned the Australian Industrial Transformation Institute (AITI) at Flinders…