Prime Trust CEO invests in himself

Mar 02 2009 Updated July 4, 2023

The Weekly Source

1 min read

While small in value, Prime Trust CEO Philip Powell made two purchases in his own name of units in Prime Trust this week, taking his holding from 30,000 to 135,000 units.

RIP: We are seeing the death of the family-run aged care operator

It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...

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Lauren Broomham

11 Sep 2025

Mergers & Acquisitions

Opal HealthCare powers ahead with triple Victorian acquisition

Australia’s largest aged care operator, Opal HealthCare, has added three more homes to its Victorian footprint after completing the acquisition of Australian Aged Care Group (AACG) on 1 September 2025.

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Caroline Egan

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Opinion

Is the DMF model dead? Anglicare CEO Simon Miller says yes

After buying 50% of LDK Senior’s Living from Cromwell Property Group in November 2022, Anglicare CEO Simon Miller is going all in on private aged care. Speaking at the DCM Group’s Ask the Visionaries’ Anything breakfast forum at...

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Ian Horswill

16 Sep 2025

Mergers & Acquisitions

Scape’s Craig Carracher: Aveo deal cost closer to $4.5B, not $3.85B

Brookfield Asset Management hailed the sale of Aveo as the largest direct real estate transaction in Australian history, quoting a price tag of $3.85 billion.

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Ian Horswill

08 Sep 2025

66 recipients of Aged Care Capital Assistance Program grants announced

The Australia Government has announced 66 recipients of its Aged Care Capital Assistance Program with grants worth $300 million. The largest - a grant of more than $50 million - has gone to Southern Cross Care (QLD) to build a new 94-bed residential care home in Broken Hill, NSW.

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Would you invest in a business with zero margin?

The latest AN-ACC prices and weightings, released late last Friday, confirmed what many feared: after an initial uplift, the clawback has begun. Operators who saw gains since AN-ACC’s 2023 launch now face funding being stripped back.

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AN-ACC class reweighting leaves AdventCare $192K short of budget

David Reece, CEO of Not For Profit AdventCare, which operates two aged care homes in Victoria, said overall the AN-ACC changes announced last Friday afternoon will leave them $50,000 short of budgeted income this year.

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Caroline Egan

17 Sep 2025

Government Policy

WA’s Shire of Manjimup seeks sale of aged care assets

The Shire of Manjimup Council has voted unanimously in support of a plan to seek Expressions of Interest for the Council’s aged care services, include home care, Moonya Aged Care Home (run by BaptistCare), and land promised for a future aged care home.

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Caroline Egan

17 Sep 2025