Topic - Aged Care

Opal launches $48M medium-rise aged care facility in Sydney’s west

Jun 11 2018 Updated May 3, 2023

The Weekly Source

1 min read

An artist’s impression of the new home in Bankstown

The four-storey facility in Bankstown includes 155 aged care beds and two dementia care units based around the household model and will also offer a range of culturally-specific services including Arabic speaking staff, Halal and Kosher meals and prayer services.

It’s one of eight aged care facilities the provider is building in western Sydney at a cost of $300 million.

RIP: We are seeing the death of the family-run aged care operator

It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...

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Lauren Broomham

11 Sep 2025

Mergers & Acquisitions

Opal HealthCare powers ahead with triple Victorian acquisition

Australia’s largest aged care operator, Opal HealthCare, has added three more homes to its Victorian footprint after completing the acquisition of Australian Aged Care Group (AACG) on 1 September 2025.

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Caroline Egan

09 Sep 2025

Mergers & Acquisitions

Scape’s Craig Carracher: Aveo deal cost closer to $4.5B, not $3.85B

Brookfield Asset Management hailed the sale of Aveo as the largest direct real estate transaction in Australian history, quoting a price tag of $3.85 billion.

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Ian Horswill

08 Sep 2025

Opinion

Is the DMF model dead? Anglicare CEO Simon Miller says yes

After buying 50% of LDK Senior’s Living from Cromwell Property Group in November 2022, Anglicare CEO Simon Miller is going all in on private aged care. Speaking at the DCM Group’s Ask the Visionaries’ Anything breakfast forum at...

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Ian Horswill

16 Sep 2025

AN-ACC class reweighting leaves AdventCare $192K short of budget

David Reece, CEO of Not For Profit AdventCare, which operates two aged care homes in Victoria, said overall the AN-ACC changes announced last Friday afternoon will leave them $50,000 short of budgeted income this year.

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WA’s Shire of Manjimup seeks sale of aged care assets

The Shire of Manjimup Council has voted unanimously in support of a plan to seek Expressions of Interest for the Council’s aged care services, include home care, Moonya Aged Care Home (run by BaptistCare), and land promised for a future aged care home.

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Sam Rae visits Illawarra as region faces nation’s highest rate of ‘bed block’

Federal Aged Care Minister Sam Rae has visited Wollongong to meet with community and industry leaders in a region estimated to be 1,000 aged care beds short.

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St Bart’s $46M aged care home for homeless partly funded by $30M Federal grant

St Bart’s has secured Federal funding for its long-planned aged care home in East Perth, with the Albanese Government confirming this afternoon it will contribute $30 million towards the $46 million build.

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Ian Horswill

4 hours ago