The new CEO of ING Real Estate Community Living, Simon Owen, has announced that the group has successfully refinanced its Australian debt facilities. This can only be regarded as a major achievement given their debt gearing ratio of 79%. Owen has stated they can now focus on delivering operating performance and cash flow from their core businesses, being the Settlers and Garden Villages businesses in Australia and 21 seniors communities in the US. [Simon Owen is also president of the Retirement Village Association].
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...