Stewart Brown Business Solutions (SBBS) has released their Aged Care Financial Performance Survey for the June 2010 year end. The survey shows operating profit increases in high and low care facilities, up 12% and 4% respectively. 61 of the 161 High Care facilities achieved an operating profit and 119 of 271 Low Care facilities.


RIP: We are seeing the death of the family-run aged care operator
It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...
