Prime Trust has achieved $77 million from the sale of nine aged care facilities and four retirement villages to LLP, representing a 20% discount to their book value. At the same time Prime Trust and LLP settled their legal dispute over the management of 12 Prime villages by LLP. This included LLP granting an option to Prime Trust to buy the management rights for its 12 villages, that are core to its business, back from LLP for between $42 and $45 million.
The Weekly SOURCE
Shared Care in villages: Canberra cracks the door open
A major step forward for the Shared Care model. The Department of Health, Disability and Ageing will convene online workshops with Support at Home providers to help design a pooled funding trial, slated for 2026, backed by $5.2 million in funding over three years announced by the Federal Government in December 2024.