Respected international accounting firm PricewaterhouseCoopers has issued a report on forecast costs of an aged care bed looking forward to 2020. On average they calculate it will cost $170,000 per bed to build the infrastructure for one bed. This compares to the government estimate of $105,000, or 38% less. The report was commissioned by the Aged Care Industry Council.
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The law is an ass – and it has cost Lifestyle Communities $1.5 billion and counting
The tribunal in Victoria has ruled the contract requirement of departing residents from land lease operator Lifestyle Communities is void based on a legal/legislative wording, despite residents being well informed when they signed that contract...