Paragon Care hopes for $3m with convertible notes issue

Mar 17 2010 Updated July 4, 2023

The Weekly Source

1 min read

Paragon operates as Axishealth, Lifetime Planning and Tender Living. The proceeds from the notes issue, with a coupon rate of 11% per year, should allow Paragon to complete the purchase of Iona Medical Products Pty Ltd and Volker (Australia) Pty Ltd.

VCAT rules Lifestyle Communities’ DMF model illegal

Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...

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Ian Horswill

07 Jul 2025

Opinion

The law is an ass – and it has cost Lifestyle Communities $1.5 billion and counting

The tribunal in Victoria has ruled the contract requirement of departing residents from land lease operator Lifestyle Communities is void based on a legal/legislative wording, despite residents being well informed when they signed that contract...

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Chris Baynes

15 Jul 2025

Government Policy

Elderly couple conduct their own observations as Single Assessment System moves to phone calls to clear backlog

Assessment organisations, which have operated under the Single Assessment System (SAS) since 1 January 2025, are conducting assessments by phone or Telehealth to clear significant backlogs. Older Person’s Advocacy Network CEO Craig Gear OAM said, roadblocks in the SAS must be urgently addressed.

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Caroline Egan

16 Jul 2025

Community Living

Catholic Healthcare investing $600M to build connected communities across NSW

One of Australia’s largest Not For Profit providers of home care, residential care and retirement living services, is investing over $600 million over the next five years in five innovative connected communities in New South Wales. “We’ve spent...

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Ian Horswill

07 Jul 2025

Mable denies AFR report the care platform is up for sale

Mable CEO and Co-Founder Tony Charara has denied reports in The Australian Financial Review that US private equity firm General Atlantic is looking to sell its stake in the aged and disability care platform.

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Home Care Package waiting list climbs to 88,000 with data three months out of date

Nearly six months later than expected, the Department of Health, Disability and Ageing has at last released March quarter home care data, revealing 87,597 older Australians were waiting for the level of Home Care they require at the end of the period.

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Embedded electrical networks generate real sales advantages

With power prices rising and buyer expectations higher than ever; embedded electrical networks do not only streamline operations but they are the ”three words” today’s customers are wanting. Prospecta Utilities says rolling out embedded...

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Ian Horswill

15 Jul 2025

News & Headlines

Resident dies after suspected gas explosion at land lease community in NSW Northern Rivers

An 85-year-old man has died after being badly burned in a fire that erupted in his land lease community home in Kingscliff, just south of Tweed Heads in the NSW Northern Rivers region, on Monday, 7 July. He suffered severe burns to 50% of his body...

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Ian Horswill

11 Jul 2025