The 2008 Stewart Brown Business Solutions Benchmark Survey of 280 care facilities found that less than a third of participating high care facilities achieved a net operating profit, with the average result being a deficit of $7.08 per bed day. Facilities with mostly single rooms suffered bigger losses than those that had more multiple-bed rooms plus facilities with a separate dementia unit delivered a poorer net operating result.
In the Headlines
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...
