Patrick McClure resigns as ACSA CEO

Dec 05 2011 Updated July 4, 2023

The Weekly Source

1 min read

Almost 12 months to the day from the resignation of Greg Mundy as CEO of ACSA, his replacement, Patrick McClure, has also resigned and left the organisation, citing the need to recover his health after a recent heart attack. He was recruited by ACSA in April this year. Newly elected ACSA President, Rob Hankins (CEO of ECH in Adelaide), is steering the organisation while a replacement is identified. A major challenge will be the planned proposal to merge ACSA with ACAA which needs to be finalised for a member vote in April.

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...

Click here

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.

Click here

Caroline Egan

26 Jun 2025

Mergers & Acquisitions

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?...

Click here

Chris Baynes

26 Jun 2025

Sector Moves & People

Simon Owen appointed Managing Director of Eureka Group Holdings

Simon Owen, currently CEO of ASX-listed Eureka Group Holdings, will take on the additional role of Managing Director from 1 July 2025.

Click here

Ian Horswill

24 Jun 2025

Peter Inge and Mark Fay keep buying: Retirement village acquisition spree continues

IPLiving, the retirement village platform backed by investment business Palisade Impact, has added its fourth village with the acquisition of Rosebud Village – a 105-unit community on Victoria’s Mornington Peninsula, 61km south of Melbourne’s...

Click here

Ian Horswill

04 Jul 2025

Topic - Acquisitions

Mergers & Acquisitions

“Aveo is a fantastic business, run by a fantastic management team”: Scape CEO Stephen Gaitanos backs landmark $3.85B acquisition

Scape Australia CEO Stephen Gaitanos has praised the leadership of retirement living operator Aveo, following its acquisition by The Living Company – Scape’s parent – for $3.85 billion, in what is now the largest direct real estate transaction...

Click here