Funding

Only in SATURDAY: $50 billion in capital required for new aged care beds

Aug 31 2023 Updated August 31, 2023

Lauren Broomham

1 min read

Image credit: Regis Healthcare FY23 Investor Presentation

The Federal Government’s 2023 Intergenerational Report has identified that the number of Australians aged between 65 and 84 will grow from four million today to five million in 2033 – an increase of one million people in just 10 years.

The number of people aged over 85 will grow from 600,000 today to 900,000 by 2033 and 1.4 million by 2043.

How much will it cost to build and refurbish the beds required to meet this demand? $50 billion, according to Regis Healthcare CEO Dr Linda Mellors.

What, then, are the solutions?

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