Prime Trust winner launches new $52 million village in Cessnock

Oct 29 2011 Updated July 4, 2023

The Weekly Source

1 min read

Perhaps the only person to make a killing out of the Prime Trust debacle is Phil Carter who sold his Morpeth village to Prime Trust for a reputed $10 million above expectation. His plans for Signature Gardens Retirement Resort is for 200 self care villas, an 80 bed care facility and a 20 room assisted living apartment building.

Pocock wins fight for Senate inquiry into home care delays and aged care reform

ACT Independent Senator David Pocock’s push for a Senate Inquiry into aged care reform delays and the withholding of Home Care Packages secured backing from the Coalition, Greens, and Independents yesterday (Monday 28 July), ensuring the inquiry will proceed.

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Caroline Egan

29 Jul 2025

Mergers & Acquisitions

RSL Care SA buys Hallmont Estate’s two retirement villages in Mount Gambier, SA

The Not For Profit organisation, which operates retirement living, social housing and residential care in South Australia, has bought Woodlands Grove and Hallmont Estate Mount Gambier, in the second most populous city in the state, which lies 450km...

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Ian Horswill

22 Jul 2025

Mergers & Acquisitions

Regis Aged Care buys Rockpool’s four aged care homes for $225,000 per bed

Regis has acquired Rockpool’s four aged care homes boosting its homes to 72. Regis’ MD and CEO Dr Linda Mellors said, “This acquisition aligns with our strategy to broaden our residential aged care footprint”, while Rockpool CEO Melissa Argent said she is proud of what Rockpool has created.

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Caroline Egan

24 Jul 2025

Legal Issues

Lifestyle Communities CEO Henry Ruiz: VCAT ruling will have “implications for the sector”

On 20 July, the publication gave Lifestyle Communities CEO Henry Ruiz, who only took on the role in March, permission to write a simialr length article rebutting all of the claims in Lloyd’s article, headlined “Lifestyle Communities’ fees show...

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Ian Horswill

21 Jul 2025

Final Aged Care Rules land, three months out from major system overhaul

The final draft of the Aged Care Rules released ahead of 1 November new Aged Care Act, detailing major changes across residential care, Support at Home and provider obligations has been released by the Department of Health, Disability and Ageing. Ageing Australia responds.

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New SATURDAY magazine: a home, not an institution - is Abbeyfield the answer for low-income seniors?

This is Abbeyfield, a 70-year-old model that has been adapted in Australia, and is looking to scale. CEO Dimitri Kiriacoulacos says “We should have 100 homes in this country, easily.” Exclusive interview and story only in the new issue of SATURDAY digital magazine, in your inbox at 12pm Friday.

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Productivity is sinking – Plan T is the lifeline

Productivity is Canberra’s buzzword of the year and for good reason. Government spending is at its highest level since WWII, care waitlists are ballooning, and the economy is leaning heavily on sectors that aren’t delivering a strong return on...

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189 aged care homes have COVID-19 vaccination rates below 10%

Though 57.9% of aged care residents have been vaccinated against COVID-19 in the last six months, the recommended dose for over 75s, there remain aged care homes with perilously low COVID-19 vaccination rates, even thought it’s well known cases climb in winter.

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Caroline Egan

31 Jul 2025