A few months ago we asked LDK Founder Paul Browne if he was prepared to share his winning village IP – he said yes – and 80 of us descended on Greenway Views village in Canberra last Thursday, including five executives from Perth.
We were confident many CEOs would be interested but did not expect the fast and positive response to our first wave of invitations. 20 was our target but we had 50 acceptances within the week. As word spread, 80 finally took the full tour and detailed briefing, followed by dinner at the village restaurant.
Led by Byron Cannon, LDK CEO, eight LDK executives gave detailed presentation plus opened to all questions on the operating mechanics of their private aged care model.
A two-hour tour of the village that now houses over 300 residents was enlightening.
The collegiate sharing of experiences and knowledge was appreciated, and we thank Paul and Byron for their generosity of spirit.
Paul stated that his sole purpose is to deliver the best outcomes for older Australians and if other operators saw this value in LDK’s model he will freely support them.
Simon Miller, CEO of Anglicare, which now owns 50% of LDK, shared this view with attendees.
The SOURCE: We filmed the presentations and will make segments available over the coming months
Government Policy
RLC and StewartBrown lobbying sees retirement village operators’ proposed liquidity ratio cut from 10% to 2%
Daniel Gannon, Executive Director of the Retirement Living Council, said the Aged Care Quality and Safety Commission’s proposal to make residential aged care providers operating independent living units (ILUs) and retirement villages retain 10% of ILU and retirement village refundable amounts as liquid funds from 1 July this year, has been reduced to 2%.
