Stewart Brown has reported similar figures in their March report to those revealed by their December 2009 survey. The average operating costs of high care declined by $0.38 per bed day and in low care, costs improved by $0.12 per bed day.
Significantly, the survey pointed to the already high costs of providing hotel services to residents, tight margins to be squeezed even further by FWAs minimum wage decision.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...