Buying

NZ village owners join independent care operators to create future listed company

Sep 17 2014 Updated May 3, 2023

The Weekly Source

1 min read

The owners of nineteen villages and aged care facilities, with 2,000 residents, have agreed in principal to join together to form a company called Hercules Ltd to list on the NZ stock exchange.
Their owners consist of individuals and companies. All Blacks captain Richie McCaw along with Dan Carter (pictured) are among the recent investors in villages in the proposed merger. They wish to raise $50-100M for expansion, plus have an exit strategy.

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...

Ian Horswill

22 Apr 2024

Opinion

Opinion: what could be on the table for aged care on Budget night?

With just over four weeks until the 2024-25 Federal Budget is announced on 14 May, anticipation is building for Treasurer Jim Chalmers to restore some much-needed certainty to the aged care sector. As we report in this issue, the Shadow Minister for...

Lauren Broomham

11 Apr 2024

Government Policy

New Quality Standards will come into effect with new Aged Care Act: Department confirms

The Department of Health and Aged Care has confirmed that the strengthened Aged Care Quality Standards will be rolled out at the same time as the new Aged Care Act. “The strengthened Standards have been finalised and will come into effect in line...

Caroline Egan

11 Apr 2024

Development

Seniors housing faces becoming “the roadkill of the NSW planning system”

Two major policies recently exhibited by the NSW Department of Planning, Housing, and Infrastructure (DPHI) could have major implications on seniors housing, said Ethos Urban Director Daniel West. The Weekly SOURCE stated last Tuesday that Daniel...

Ian Horswill

16 Apr 2024

Aged care front page of The Australian again

The story on the front page of this morning’s The Australian is bad and good news for the aged care sector. The bad news is that it is confirmation that operators are struggling to be viable, not only financially but operationally. The good news...

Ian Horswill

13 Jul 2023

Editorials

ONLY IN SATURDAY: Chris Baynes’ explosive column

“Consolidation (of the aged care sector) is inevitable and the last one standing will be big,” DCM Group CEO Chris Baynes writes in the latest SATURDAY digital magazine, as Bolton Clarke becomes the Not for Profit’s largest RAC provider. The...

Section Editor

22 Feb 2023