Topic - Aged Care

Ozcare set to open 120-bed $30M aged care facility in Mackay – retirement village to follow

Mar 09 2020 Updated May 3, 2023

The Weekly Source

1 min read

The QLD-based Not For Profit says it will employ around 120 staff at the new facility in West Mackay which will be co-located with a new retirement village, due to be completed in June, as it looks to combine retirement living with aged care across its sites.

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...

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Lauren Broomham

11 Sep 2025

Mergers & Acquisitions

Opal HealthCare powers ahead with triple Victorian acquisition

Australia’s largest aged care operator, Opal HealthCare, has added three more homes to its Victorian footprint after completing the acquisition of Australian Aged Care Group (AACG) on 1 September 2025.

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Caroline Egan

09 Sep 2025

Mergers & Acquisitions

Scape’s Craig Carracher: Aveo deal cost closer to $4.5B, not $3.85B

Brookfield Asset Management hailed the sale of Aveo as the largest direct real estate transaction in Australian history, quoting a price tag of $3.85 billion.

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Ian Horswill

08 Sep 2025

Opinion

Is the DMF model dead? Anglicare CEO Simon Miller says yes

After buying 50% of LDK Senior’s Living from Cromwell Property Group in November 2022, Anglicare CEO Simon Miller is going all in on private aged care. Speaking at the DCM Group’s Ask the Visionaries’ Anything breakfast forum at...

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Ian Horswill

16 Sep 2025

Only in SATURDAY: why future proofing villages building to 9C pays

Building retirement villages to Class 9C standards can add up to 10% to the total cost of construction. But for a growing number of operators, the upgrade is no longer optional.

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St Bart’s $46M aged care home for homeless partly funded by $30M Federal grant

St Bart’s has secured Federal funding for its long-planned aged care home in East Perth, with the Albanese Government confirming this afternoon it will contribute $30 million towards the $46 million build.

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$29M renewal of Lutheran Aged Care Albury’s Dellacourt delivers for half the cost of a new build

Lutheran Aged Care Albury has completed a $29 million, 4.5-year renewal of its 120-bed Dellacourt aged care home on the NSW-Victorian border – achieving a contemporary facility for about half the cost of a new build.

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Stockland’s Halcyon brand emerges as runaway land lease leader

When Tarun Gupta took over as Stockland CEO in July 2021, he staked his name on land lease communities with a bold $620 million acquisition of Queensland’s Halcyon Group. The move trumped rival offers from Ingenia Communities and Serenitas – and cemented Stockland’s ambition to dominate “the fastest growing lifestyle segment – the Over 50s market.”

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Ian Horswill

15 Sep 2025