A new report has revealed that Australia faces a shortage of 280,000 aged-care places by 2050, under the current system. The report was carried out by Access Economics and commissioned by Alzheimer's Australia. One of the driving factors behind the predicted shortage is the growing numbers of people living with dementia and current estimates are that there will be 1 million Australians diagnosed with dementia by 2050. The report breaks the figures down on a state-by-state basis with NSW predicted to experience an acute shortage of over 95,000 beds, followed by Victoria with 72,000 and Queensland with a deficit of over 50,000.
Mergers & Acquisitions
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...
