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Arguably the retirement village sector’s most successful executive in recent years, Tim Russell has quietly launched his new venture – Five Good Friends.
Billed as Australia’s most expensive retirement village, Mark Moran Vaucluse opened last week after construction was completed a good six weeks ahead of schedule.
With 89 villages and 10,968 retirement living units, Aveo delivered an EBITDA profit of $79.9 million in FY16, an increase of 62% over FY15.
Chief Executive Officer Nick Ryan says AACQA will start to include the first-hand experiences of residents in its nursing home accreditation reports from 2017.
Until now the Department of Health had rejected calls from peak aged care bodies and key crossbenchers including Nick Xenophon to supply the modelling behind the cuts to the Aged Care Funding Instrument (ACFI) in the May Budget.
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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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