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.

Brookfield sells retirement village operator Aveo for $3.85B

Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...

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Ian Horswill

26 Jun 2025

Aged Care

Australia’s top 25 residential aged care providers ranked: KPMG

KPMG’s eighth annual review of the Australian aged care market features the ranking of the top 25 residential aged care providers, with Opal HealthCare retaining its number one spot.

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Caroline Egan

26 Jun 2025

Chris Baynes

Aveo transformation masterclass: turning $1.27B into $3.85B in 55 months

Today’s confirmation of the sale of Aveo is dated 26 June 2025. Brookfield took the keys to Aveo in November 2019, or four years and seven months ago. On first blush they made $2.58 billion profit in those 55 months, or did they make a lot more?...

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Chris Baynes

26 Jun 2025

Legal Issues

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

Moving deck chairs on the Titanic: Govt fails to shift the needle on aged care

The Albanese Government promised to fix aged care. But if this is “fixing it,” we’re in trouble. Let’s start with Example 1: Blair Comley’s 2025 Departmental Briefing to Health Minister Mark Butler – obtained via FOI – doesn’t list...

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Lauren Broomham

03 Jul 2025

Topic - Aged Care

Sector Moves & People

Ex-Fresh Hope Communities CEO Dan Dwyer finds new interim role

Anglicare Sydney CEO Simon Miller took Dan to visit Donington Court, Brian King Gardens and Warrina residential aged care homes at its Castle Hill site in Sydney’s northwest. The Weekly SOURCE reported in April the Not For Profit has lodged a State...

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SATURDAY exclusive: “Still waiting”: The real toll of aged care delays

When aged care executive Meghan Hird submitted a referral to My Aged Care for her father in September 2024, she expected a system that would show up. 10 months later, with his Alzheimer’s progressing to mid-stage dementia, they are still waiting...

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Regulator locks in new liquidity standards for aged care providers

The Aged Care Quality and Safety Commission (ACQSC) has released its consultation report on the draft Financial and Prudential Standards set to come into effect under the new Aged Care Act from 1 November 2025 – and as expected, the core liquidity...

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Lauren Broomham

03 Jul 2025