The parent company behind St Ives retirement villages and home care operations, the RAC (Royal Automobile Club of WA) has recommitted to villages in Perth and aggressive expansion of its home care business across the country.
This follows the CEO, Terry Agnew (pictured), has just announced a $21M drop in 12 month net profit to $16M. He said: Governments everywhere are struggling with how they are going to fund the ageing population and we just see home-care as a key ingredient of (an ageing population).
They sold their two aged care facilities several months ago to Estia.
