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Domain Principal Group close to 50% sale by AMP Capital
Jul 01 2013
1 min read
The Weekly Source

AMP Capital is seeking $150 million and is believed close to securing an Asian investment fund for just under 50% of Australia’s largest aged care operator, Domain. They want the cash to fund continued expansion of the business.

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Government Policy

Our big idea: co-located retirement villages can solve hospital ‘bed occupancy’ in 16 weeks

Across Australia 2,000 hospital beds now hold 2,000 older Australians getting sicker, waiting for an aged care bed. The cost: $1,500 to $2,000 per day. Could co-located retirement villages offer a solution?

Chris Baynes
9 hours ago
The Weekly SOURCE

St Jude’s Health Care Services’ Perth residential aged care expansion

Perth-based St Jude’s Health Care Services has been named as developer of the aged care facility to be built alongside Providence Lifestyle Wattle Grove retirement village, and the operator has also lodged plans to build a two-storey extension of its existing Midlands Nursing Home.

Caroline Egan
9 hours ago
The Weekly SOURCE

Only in SATURDAY: Respect’s quiet empire – 39 homes, one sale enquiry a week

Respect CEO Jason Binder says consolidation is “coming to us,” not the other way around – with boards approaching weekly as the regional NFP scales a 39-home network through selective acquisitions, a 90-day integration playbook, and a “profit for residents” philosophy.

Lauren Broomham
10 hours ago
The Weekly SOURCE

StewartBrown’s Grant Corderoy: Time for courage – and a new rental model – to make aged care investable

At StewartBrown’s 2025 Sydney Finance Forum last week, Senior Partner Grant Corderoy set a clear challenge to residential aged care providers: show courage, reset business models, and force the policy conversation toward investability, not just viability.

Lauren Broomham
10 hours ago