Maintaining the trend of the private sector embracing aged care whilst the not-for-profit sector declines new bed licenses, LLP has announced that over the past 12 months it applied for and received 158 new bed licenses, giving them 217 beds in development. They also announced an EBITDA profit per bed of $9,435, plus an expectation their margins will improve in 2010. They have 33 facilities with 2,313 beds. Staff costs as a percentage of revenue is 67.3%.
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...