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.

Brookfield sells retirement village operator Aveo for $3.85B

Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...

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Ian Horswill

26 Jun 2025

Mergers & Acquisitions

Chris Baynes

Aveo transformation masterclass: turning $1.27B into $3.85B in 55 months

Today’s confirmation of the sale of Aveo is dated 26 June 2025. Brookfield took the keys to Aveo in November 2019, or four years and seven months ago. On first blush they made $2.58 billion profit in those 55 months, or did they make a lot more?...

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Chris Baynes

26 Jun 2025

Aged Care

Australia’s top 25 residential aged care providers ranked: KPMG

KPMG’s eighth annual review of the Australian aged care market features the ranking of the top 25 residential aged care providers, with Opal HealthCare retaining its number one spot.

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Caroline Egan

26 Jun 2025

Sector Moves & People

Simon Owen appointed Managing Director of Eureka Group Holdings

Simon Owen, currently CEO of ASX-listed Eureka Group Holdings, will take on the additional role of Managing Director from 1 July 2025.

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Ian Horswill

24 Jun 2025

Stephen Muggleton’s parting words as Bolton Clarke CEO: turning it into the largest Not For Profit care provider with $1.98B revenue

Stephen officially stepped down as CEO on 30 June after transforming Bolton Clarke over his 10 years and six months in charge of the Brisbane-basedd operator. Last Friday Stephen posted on his LinkedIn page: Final sign-off and reflection. “The...

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Ian Horswill

1 hour ago

Aged Care

It’s 1 November or bust: Ageing Australia calls for clear roadmap, rule fixes during Act delay

The sector has four months to get ready for the new Aged Care Act – and Ageing Australia CEO Tom Symondson says providers need clarity now. Speaking at the NSW/ACT State Conference on Thursday (26 June), Tom said the sector is at risk of wasting...

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Going nowhere fast: aged care is shrinking yet the sector’s money keeps growing

KPMG’s latest deep dive into the aged care sector is out today – and it confirms what many of us already know. Demand is rising. So is the money. But the sector? It’s still shrinking. Take home care. Government funding soared 29.2% to $8.8...

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Lauren Broomham

26 Jun 2025

Aged Care

Australia’s top 25 residential aged care providers ranked: KPMG

KPMG’s eighth annual review of the Australian aged care market features the ranking of the top 25 residential aged care providers, with Opal HealthCare retaining its number one spot.

Click here

Caroline Egan

26 Jun 2025