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The not-for-profit aged care operator Benetas has sold its potential aged care site to another aged care operator, pocketing $19 million against expectations of $11 million according to the press.
With the election result still up in the air, Aged and Community Services Australia (ACSA)’s decision to target independent senators in the lead-up appears well-planned.
Australian retirement village veteran, Roger Kwok, has been rewarded for his patience. He has broken into the Chinese seniors accommodation market with a 50/50 joint venture to build a 2,800 to 3,000 unit retirement village, with residential aged care, childcare and medical centre.
A quick review of the village and care sector. A lot of care operators have been rearranging their businesses in the care space for Consumer Directed Care and digital disruption. But the village sector has simply been enjoying demand exceeding supply, with one or two exceptions.
ACSA has been running an ‘Old, Frail and Invisible’ campaign to highlight the cuts in aged care throughout the Federal Election. They have been winning support where it strategically counts.
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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.
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