Stewart, Brown & Co Aged Care Survey – September 2010 results

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Stewart, Brown & Co accountants has released their latest quarterly aged care survey. September’s results show the number of facilities making profits is less than the March 2010 survey but significantly better than the June 2010 survey. 27 of the 231 (11.7%) Low Care facilities had a negative EBITDA (June 2010: 17.0%), 55.5% of all facilities in the survey made an operating profit compared to 41.7% for the 2010 financial year and 80.4% of facilities in this survey made an overall profit taking into account all sources of income and expenditure..