Aged care homes are selling for prices well above their most recent valuations, fuelling a surge in merger and acquisition (M&A) activity across the sector, according to aged care consultancy Pride Aged Living.
Benetas will develop, own and operate a new residential aged care home within Keyton’s Sherwin Rise retirement village at Wollert, 25km north of Melbourne’s CBD – extending a continuum of care to village homeowners and the broader North Melbourne community.
Australia’s largest union, the Australian Nursing and Midwifery Federation (ANMF), will conduct a nationwide “pulse check” of aged care, drawing on frontline feedback from nurses and care workers.
Respect CEO Jason Binder says consolidation is “coming to us,” not the other way around – with boards approaching weekly as the regional NFP scales a 39-home network through selective acquisitions, a 90-day integration playbook, and a “profit for residents” philosophy.
