Funding

Mareeba Community Housing Co granted extension to management of Community Housing for Seniors

The community at the base of Cape York Peninsula in Far North Queensland has more than 300 locals, including seniors, currently vulnerable to homelessness. Mareeba Community Housing Company (MCHC), which was given a three-year extension to its...

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Ian Horswill

31 Mar 2025

Funding

Macquarie Bank reduces its substantial stake in Ingenia Communities

The global financial services group has continued to reduce its stake in the owner/operator of land lease and rental communities and holiday parks. Macquarie Bank had a significant voting power of 10.92% in April last year, but the substantial...

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Ian Horswill

15 Apr 2025

Sector Moves/People

John Innes departs club/retirement living JV group Pariter with Tom Roche assuming CEO position

After five years establishing Pariter and creating a pipeline of joint ventures with community and golf clubs, John Innes has handed the CEO role to Tom Roche. John Innes Tom has led numerous large real estate and infrastructure transactions for...

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Ian Horswill

07 Apr 2025

Funding

GemLife’s owners look at becoming a public company for second time

Adrian Puljich and Singapore’s Thakral Corporation have reached out to JPMorgan and Morgan Stanley to set up introductory meetings with listed equities investors to see if there is sufficient interest in an Initial Public Offering for GemLife...

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Ian Horswill

08 Apr 2025

Funding

David Di Pilla sells substantial part of his 8% stake in Ingenia Communities

The HMC Capital Managing Director has sold down its stake as it raised $150 million to its balance sheet as it prepares to buy Brookfield Asset Management’s Healthscope, the second largest operator of private hospitals in Australia. David Di Pill...

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Ian Horswill

08 Apr 2025

Government Policy

$300M first round of Support at Home Thin Market Grants opens

This week Aged Care Minister Anika Wells announced the Support at Home Thin Markets Grant is open, with Home Care Package and Short-Term Restorative Care providers in outer regional, rural and remote areas or providers delivering care in specialised markets able to apply.

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Caroline Egan

03 Apr 2025

Funding

Looking to buy? Keyton increases debt with retirement living sector’s first green loan

When the leading owner and operator of retirement villages put its Western Australia portfolio up for sale last September, speculation rose why it needed the money. Now Keyton has increased its debt facilities to $1.3 billion with a significant...

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Ian Horswill

31 Mar 2025

Development

Purrkanaitya Aboriginal Elders Village in Bedford Park, SA, building begins after $5.15M grant

The elders’ village in the southern suburb of Adelaide will include 40 culturally appropriate one-bedroom social dwellings, which will include the necessary infrastructure to promote independent living within a community setting for Aboriginal...

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Ian Horswill

31 Mar 2025

Sector Moves & People

QLD nurses’ union seeks FWC approval to negotiate pay and conditions with three aged care providers in sector first

The Queensland Nurses and Midwives Union has asked the FWC if it can begin multi-enterprise supported bargaining with Anglicare Southern Queensland, Superior Care Group, and Catholic Healthcare Limited.

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Caroline Egan

27 Mar 2025

Funding

Bain Capital-owned Estia Health reportedly secures $300M finance line

Estia Health has secured $300 million in financing from Japanese Bank Nomura, according to The Australian Financial Review’s Street Talk column.

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Caroline Egan

11 Dec 2024

Government Policy

200 patients still lying in SA hospitals waiting for aged care beds

It would take two large aged care homes to house all the older patients in South Australian hospitals ready to be discharged, but waiting to be offered an aged care bed. The Peter Malinauskas Labor Government’s promise to build more than 600 new...

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Caroline Egan

17 Oct 2024

Government Policy

Hourly updates on Senate Inquiry into the Aged Care Bill 2024 in Canberra today

The Senate Inquiry into the Aged Care Bill 2024 will hold eight hearings around the country this month, with the Inquiry expected to be wrapped up by the end of the year. Acting Inspector-General of Aged Care Ian Yates is the first to appear before the inquiry in Canberra on 3 October 2024.

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Caroline Egan

03 Oct 2024

Government Policy

Inspector-General: aged care reforms do not meet Royal Commission’s expectations

In its Senate Inquiry into the Aged Care Bill 2024 submission, the Office of the Inspector-General of Aged Care (OIGAC), which is led by long-time industry expert Ian Yates AM, has restated its position that Australia should be moving towards...

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Caroline Egan

03 Oct 2024