Cobar is a remote town in western NSW. For 30 years the local Council has been supporting Lillian Bray Village, a 34 bed hostel and care facility and now wants somebody else to take over given its losses. Ratepayers are subsidizing its $2.5 million annual budget by $200,000 a year. Between 2005 and 2010 it made losses of $335,000; in the past two years it made a surplus after subsidies of $14,000. This is a tip of the iceberg. Each week another Council declares it needs to unburden itself of a community care facility.
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...