Maintaining the trend of the private sector embracing aged care whilst the not-for-profit sector declines new bed licenses, LLP has announced that over the past 12 months it applied for and received 158 new bed licenses, giving them 217 beds in development. They also announced an EBITDA profit per bed of $9,435, plus an expectation their margins will improve in 2010. They have 33 facilities with 2,313 beds. Staff costs as a percentage of revenue is 67.3%.
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...