While not perfect, the general reaction by ACSA and ACAA is quite positive recognition that
the new Federal government is carrying out its pre-election promises in aged care. Extending
the Conditional Adjustment Payment (CAP) for a further year is a step in the right direction
said Greg Mundy, ACSA CEO. Justine Elliot, the Federal Minister for Ageing, pointed out
that the CAP has been increased by 1.75% which will see $2 billion over the next four years,
more than twice what the Howard Government put in over the last four years, she says. CAP is
intended to provide medium-term financial assistance to aged care providers on the basis that
they become more efficient in their management practices.
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...