Respected international accounting firm PricewaterhouseCoopers has issued a report on forecast costs of an aged care bed looking forward to 2020. On average they calculate it will cost $170,000 per bed to build the infrastructure for one bed. This compares to the government estimate of $105,000, or 38% less. The report was commissioned by the Aged Care Industry Council.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...