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Generation Healthcare is a Real Estate Investment Trust (REIT) that specialises in buying medical office buildings, clinics, hospitals and – recently – aged care facilities from operators. It gives the purchase price in cash to the operators and then leases the properties back to them. The idea is they free up cash for the operators to build new premises.
Presbyterian Aged Care has gone one step further in the video marketing of its $190M ‘The Terraces’ village and care development at Paddington, a dress circle suburb of Sydney.
The national waiting time for residential aged care blew out to 68 days in 2014-15, up from an average of 45 days in 2013-2014 according to latest figures from the Productivity Commission.
A group of five Illawarra not-for-profit aged care providers says planned cuts to aged care funding will slash over $3 million for their organisations or around 95 part-time carer roles.
The not-for-profit provider has received planning approval for the 2,941m2 site, which will house 46 independent living units, 18 disability respite accommodation apartments and 21 specialist disability apartments.
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Our fortnightly newsletter brings you all the tips and tricks you need for a successful retirement, covering everything from finances and property, to health and happiness. Get prepared and sign up here.