Prime Trust finally succumbed and now has 3 or more receivers raking over its bones while Bill Lewski is believed to be still actively trying to keep his hat in the ownership ring. Lend Lease Primelife is in the box seat to acquire the Prime Trust villages it wants (rumoured to be just 4 or 5 of the 12 it has been managing). Also in its sights are the management rights to Macquarie problem child, Retirement Village group that has been creating heartburn for the original retail investors.
Aged Care
Aged care’s remoteness tool “not fit for purpose,” consultation finds
The Government’s review of the Modified Monash Model (MMM) – used to allocate rural, regional and remote aged care funding – has found the tool is “useful but limited” and, in its current form, “not fit for purpose” for aged care.