The Victorian health Minister, David Davis, has confirmed plans to sell 1000 aged care beds to private and not-for-profit providers for an expected $75 million, stating they can achieve lower costs than the government. Not-For-Profit operator Southern Cross Care has taken over Peninsula Health which the government points to as a very successful collaboration.
The Weekly SOURCE
Three years after $1B+ valuation, RetireAustralia faces $850M sale
Infratil and NZ Super put its jointly owned business RetireAustralia on the market in March 2022 with a reported price tag of over $1 billion. With its profits soring, the joint owners announced it was off the market in December 2023. In April last...