Stewart Brown Business Solutions (SBBS) has released their Aged Care Financial Performance Survey for the June 2010 year end. The survey shows operating profit increases in high and low care facilities, up 12% and 4% respectively. 61 of the 161 High Care facilities achieved an operating profit and 119 of 271 Low Care facilities.
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...