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The full impact of Australian Unity’s successful $114 million tender to acquire the 50,000 home care clients and 4,000 employees from the NSW government is just dawning on the aged care sector. The deal delivers AU 70% of the NSW home care market and an unrivalled national home care and aged care beachhead.
Aged care operator Regis has come in over the top of residential developers to buy a 4282 sqm block in inner metropolitan Camberwell.
Ex CEO of Aquarius Aged Care, James Grealy, and Ex CEO of ECH, Rob Hankins, have teamed up to launch Tierra Health, an aged care management consulting firm.
Margaret Profke and her four sons have sold out their four aged care facilities with 587 beds for a net $79.5 million to Japara who achieve their goal to move into QLD. A registered nurse, Margaret established the business on the Gold Coast 30 years ago.
Ex Bupa CEO and now Estia CEO, Paul Gregersen explained to his shareholders at their AGM that the nation’s 190,000 aged care beds in June 2013 need to expand by 69,000 by 2022 to keep up with people turning age 85. This is close to 7,000 new beds a year.
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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.