The 2008 Stewart Brown Business Solutions Benchmark Survey of 280 care facilities found that less than a third of participating high care facilities achieved a net operating profit, with the average result being a deficit of $7.08 per bed day. Facilities with mostly single rooms suffered bigger losses than those that had more multiple-bed rooms plus facilities with a separate dementia unit delivered a poorer net operating result.
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...