Melbourne boutique investment bank Kidder Williams bought control of Prime Trust last year. A subsidiary of Kidder Communities will now start a new company to manage the 12 rental villagers that Prime Trust took back from the original Village Life group (now called Fig Tree). This will be particularly challenging given the historic tight margins of the rental model combined with falling occupancy levels of some Prime Trust rental villages.
Cameron McPherson: ‘The new law risks boxing providers into yesterday’s model’
Cameron McPherson, CEO of Medical & Aged Care Group, writes that Australia’s new Aged Care Act funds care delivery on a cost basis rather than on outcomes, rewarding activity over measurable gains in independence, connection and quality of life.