Mergers & Acquisitions

The next issue of SATURDAY: Exclusive interview with Eureka Managing Director and CEO Simon Owen

Jul 21 2025 Updated 21 hours ago

Ian Horswill

1 min read

Simon Owen, the businessman who led two small village operators to being listed in the ASX and took Ingenia Communities Group from an unloved basket case to a thriving $1.65 billion sector leader, is now in charge of Brisbane-based Eureka Group Holdings, which was Australia's only pure-play Over 50s rental village operator.

Ten months on from when Simon took charge, he tells SATURDAY his plans for Eureka. The coming issue will be in your inbox on Friday, 1 August at 12pm. If not a subscriber, click here.

The law is an ass – and it has cost Lifestyle Communities $1.5 billion and counting

The tribunal in Victoria has ruled the contract requirement of departing residents from land lease operator Lifestyle Communities is void based on a legal/legislative wording, despite residents being well informed when they signed that contract...

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Chris Baynes

15 Jul 2025

Government Policy

Elderly couple conduct their own observations as Single Assessment System moves to phone calls to clear backlog

Assessment organisations, which have operated under the Single Assessment System (SAS) since 1 January 2025, are conducting assessments by phone or Telehealth to clear significant backlogs. Older Person’s Advocacy Network CEO Craig Gear OAM said, roadblocks in the SAS must be urgently addressed.

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Caroline Egan

16 Jul 2025

Legal Issues

Ingenia Communities and ABC’s Adele Ferguson on VCAT’s voiding of Lifestyle Communities’ DMFs

Ingenia Communities Group provides the following update in relation to the Group’s exposure to Deferred Management Fee (DMF) contracts across its portfolio. Ingenia has limited exposure to contracts which include a Deferred Management...

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Ian Horswill

14 Jul 2025

Mergers & Acquisitions

RSL Care SA buys Hallmont Estate’s two retirement villages in Mount Gambier, SA

The Not For Profit organisation, which operates retirement living, social housing and residential care in South Australia, has bought Woodlands Grove and Hallmont Estate Mount Gambier, in the second most populous city in the state, which lies 450km...

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Ian Horswill

22 Jul 2025

Mable denies AFR report the care platform is up for sale

Mable CEO and Co-Founder Tony Charara has denied reports in The Australian Financial Review that US private equity firm General Atlantic is looking to sell its stake in the aged and disability care platform.

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Home Care Package waiting list climbs to 88,000 with data three months out of date

Nearly six months later than expected, the Department of Health, Disability and Ageing has at last released March quarter home care data, revealing 87,597 older Australians were waiting for the level of Home Care they require at the end of the period.

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Caroline Egan

16 Jul 2025

In the Headlines

Land lease operator GemLife launches on the ASX in the year’s biggest IPO

In just nine years, 37-year-old Adrian Puljich marked a huge milestone – celebrating with his family, residents, staff, the new board, legal teams and The Weekly SOURCE as he launched his business on the Australian Stock Exchange. “What...

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Health Metrics acquired by US private equity firm Accel-KKR

“We’ve delivered strong growth under Tanarra’s guidance, and I believe Accel-KKR will help take that to the next level,” Paul told The Weekly SOURCE

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Caroline Egan

19 Jun 2025