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Number of reverse mortgages now 42,000 and worth $3.3B
Jun 24 2012
1 min read
The Weekly Source

Rather than buying into a village, 3,800 ageing Australians took out a reverse mortgage last year, according to research by Deloitte. The average age is 75. This compares to over 12,000 ILU sales last year however.

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The Weekly SOURCE

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...

Caroline Egan
3 hours ago
The Weekly SOURCE

Aspen Group ups its offer to buy seniors rental operator Eureka

Aspen offered 0.28 of its own shares for every Eureka share, in a best-and-final bid that has no minimum acceptance conditions and runs until 28 May. It’s an increase from the 0.26 ratio it offered earlier, which has been rejected by the board and...

Ian Horswill
4 hours ago
The Weekly SOURCE

Webstercare to host free MedSig webinars

Leading medication management provider Webstercare has announced it will hold a series of free, 45-minute webinars in May focused on refreshing participants’ knowledge on the MedSig and MedSig Admin platforms. The webinars will cater to the needs of...

Caroline Egan
9 hours ago
The Weekly SOURCE

One in 10 aged care homes spend over $52 per resident per day on food

Last week reported that aged care chefs David Martin and Harry Shen, who are employed at St Vincent’s Care Services Kew, had been awarded medals and commendations at the 2024 International Culinaire Salon in London. According to My Aged Care’s...

Caroline Egan
9 hours ago