As reported in the Fairfax media, the administrators of Peter Drakes LM Investment Management, FTI Consulting, have build $3.2 million between March 19 and July 31 this year thats $24,000 a day. They were selected and appointed by LM firstly as voluntary administrators. Judge Jean Dalton of the Queensland Supreme Court is quoted last week that the two insolvency practitioners, John Park and Gunette Mulle, preferred their own commercial interests to the interests of the fund. LM has a number of retirement villages under its financial control in QLD.
Healthcare Australia buys home care provider My Care Solution
South Australian family-owned home care provider My Care Solution has sold its operations to Healthcare Australia, which is owned by Sydney-based venture capital firm Crescent Capital. Healthcare Australia is a healthcare staffing business, with...