It is one month ago that US private equity firm Blackstone was about to sign the purchase of 2,800 bed aged care operator japara for $400M+. This takes negotiation to 7 months. Blackstone is seeking $250M in bank funding for the deal. Property and bond valuations are rumoured to be the stumbling block.
Direct care workers pay boosted by up to 28.5%, as indirect care workers get 6.8% increase: FWC
Personal care workers and assistants in nursing working in residential aged care facilities and home care workers this afternoon received long-awaited pay rises. The Fair Work Commission (FWC) awarded: Personal Care Workers (PCW): Extra 18.2% to...