is giving away 1.6ha of state-owned land in Kalgoorlie to the Little Sisters of the Poor.
At the same time the Federal Government is making $300 million in loans at 0% interest
to aged care providers in areas of need. According to Greg Mundy, CEO of ACSA,
Kalgoorlie and Darwin top the list as areas of need. So the Little Sisters win twice over.
Unsubscribed new beds plus 8,000 vacant beds. This government largesse reflects how
hard it is to make a dollar in aged care, especially given the capital cost of high care. Greg
Mundy points out that for the first time in memory new bed allocations were not taken
up in 2007, especially in WA where costs have gone through the roof, and Tasmania. At
the same time Rod Young of ACAA estimates that there are currently 8,000 beds lying
unused across Australia (5% of all beds), as more people move to community care.
Regis Aged Care sees rolled gold with four new developments with 433 beds
Regis provided a third-quarter update at the Macquarie Australia Conference, held in Sydney this week, where it confirmed that its profitability is “improving” thanks to increased Government funding and improved occupancy. The ASX-listed aged care...