People

Dec 16 2010 Updated July 4, 2023

The Weekly Source

1 min read

Greg Mundy shocked the sector by resigning as CEO of ACSA after about 10 years and there is still no sign of his replacement. Gregs only announced plans are to travel. Steve Muggleton resigned as CEO of QLD giant Blue Care after 8 successful years with plans unknown.

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

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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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

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.

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Ian Horswill

24 Jun 2025

It’s 1 November or bust: Ageing Australia calls for clear roadmap, rule fixes during Act delay

The sector has four months to get ready for the new Aged Care Act – and Ageing Australia CEO Tom Symondson says providers need clarity now. Speaking at the NSW/ACT State Conference on Thursday (26 June), Tom said the sector is at risk of wasting...

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Going nowhere fast: aged care is shrinking yet the sector’s money keeps growing

KPMG’s latest deep dive into the aged care sector is out today – and it confirms what many of us already know. Demand is rising. So is the money. But the sector? It’s still shrinking. Take home care. Government funding soared 29.2% to $8.8...

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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

Aged Care

How to make residential aged care viable: UARC

UARC’s 134-page Aged Care Sector Mid-Year Report 2024-25 states that in the six months to 31 December 2024, 48% of homes operated at a loss, an improvement from the 64% operating at a loss for the same period the previous year.

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Caroline Egan

26 Jun 2025