Peninsula: Aged care facility reaccredited after sex abuse scandal

Jul 19 2010 Updated July 4, 2023

The Weekly Source

1 min read

An aged care facility formerly at the centre of a sex abuse scandal is to be monitored after gaining reaccreditation despite failing to meet key benchmarks. In the latest audit released on May 21, the Aged Care Standards Accreditation Agency (ACSAA) reaccredited Peninsula Village on the NSW central coast despite it failing to meet three out of 44 benchmarks.

Brookfield sells retirement village operator Aveo for $3.85B

Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...

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Ian Horswill

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VCAT rules Lifestyle Communities’ DMF model illegal

Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...

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Opinion

What does the ‘voiding’ of the land lease DMF in Victoria mean for retirement villages?

By our calculation up to 35-40% of retirement village contracts could have their DMFs voided as well if applied across the country. We can’t see this actually happening but we do believe lawyers received a mid year Christmas present yesterday when...

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Chris Baynes

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Aged Care

Australia’s top 25 residential aged care providers ranked: KPMG

KPMG’s eighth annual review of the Australian aged care market features the ranking of the top 25 residential aged care providers, with Opal HealthCare retaining its number one spot.

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Caroline Egan

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Melbourne’s Latvian Community aged care facility transferred to Uniting AgeWell

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Lifestyle Communities shares drop 37.22% as it appeals VCAT DMF ruling

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Mergers & Acquisitions

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Retirement and Community Living

Development

Corio Projects’ $170M seniors living development in Sydney’s inner south approved

Corio Projects has been given the green light for 170 independent living units and a 34-bed residential care facility across six buildings up to eight storeys in Rosebery, 6km south of Sydney’s CBD. The NSW Government Department of Planning...

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