Obviously commenced years before the new aged care funding crisis, BUPA has just opened a 144 bed in Bankstown, one of Sydneys heartland working/middle class suburbs. Built on the old Yagoona Bowling Club site it is a $30 million investment an average of $208,000 per bed. Most private operators are saying they will cease all building going forward because of government induced bank funding uncertainty.
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...