Victorian-based Manufactured Home Park operator Lifestyle Communities, with 1,230 homes under development or occupied after just six years of operation, has announced a $6 million net profit after tax. In 2012 they sold approximately $24 million in housing and received $6 million in management income. They also announced a rights issue to raise a further $36.5 million to retire debt and fund expansion. The two Founders and major shareholders, James Kelly and Bruce Carter, are staying in, subscribing as well.
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...