Topic - Aged Care

Got weed? More than 500 marijuana plants found at former Sydney aged care home

Feb 06 2018 Updated May 3, 2023

The Weekly Source

1 min read

The marijuana crop found at the building. Credit: NSW Police

Police located the crop growing under hydroponic lights at the vacant Wynleigh Nursing Home in Strathfield, 12km west of the CBD, after a raid last week.

The plants have now been destroyed, along with the hydroponic equipment.

No charges have been laid yet.

Brookfield sells retirement village operator Aveo for $3.85B

Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...

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Ian Horswill

26 Jun 2025

Legal Issues

VCAT rules Lifestyle Communities’ DMF model illegal

Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...

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Ian Horswill

07 Jul 2025

Opinion

What does the ‘voiding’ of the land lease DMF in Victoria mean for retirement villages?

By our calculation up to 35-40% of retirement village contracts could have their DMFs voided as well if applied across the country. We can’t see this actually happening but we do believe lawyers received a mid year Christmas present yesterday when...

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Chris Baynes

08 Jul 2025

Aged Care

Australia’s top 25 residential aged care providers ranked: KPMG

KPMG’s eighth annual review of the Australian aged care market features the ranking of the top 25 residential aged care providers, with Opal HealthCare retaining its number one spot.

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Caroline Egan

26 Jun 2025

Not For Profit takes over management of Council-run home care services in Far North QLD

Queensland Not For Profit health services provider selectability officially took over management of Aurukun home care services this week, with an event held to mark the occasion in the remote community in Far North Queensland’s Cape York Peninsul...

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Caroline Egan

10 hours ago

The Weekly SOURCE

Mergers & Acquisitions

Melbourne’s Latvian Community aged care facility transferred to Uniting AgeWell

Uniting AgeWell now has 21 aged care facilities – 13 in Victoria and 8 in Tasmani

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Caroline Egan

10 hours ago

The Weekly SOURCE

Mergers & Acquisitions

Home care provider Kinyara Health expands into SA with Accept Care acquisition

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Caroline Egan

11 hours ago

Topic - Acquisitions

Mergers & Acquisitions

Three years after $1B+ valuation, RetireAustralia faces $850M sale

Infratil and NZ Super put its jointly owned business RetireAustralia on the market in March 2022 with a reported price tag of over $1 billion. With its profits soring, the joint owners announced it was off the market in December 2023. In April last...

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Ian Horswill

08 Jul 2025