Aged Care

Only in SATURDAY: Aged care beds lie empty as GP crisis hits the sector

Jul 04 2024 Updated July 4, 2024

Caroline Egan

1 min read

There is a drought of GPs. With just one in 10 medical graduates choosing General Practice, Australia is expected to experience a shortfall of almost 10,000 GPs by 2030.

In this week's edition of SATURDAY, we speak to Dr Anthony Marinucci, Chair of the Royal Australian College of General Practitioners (RACGP) Specific Interests Aged Care, who works across a number of aged care facilities in Sydney from his medical centre in Haberfield in Sydney’s Inner West.

To read his insights, subscribe to SATURDAY here for only $250.

Brookfield start sale process for $3B retirement village operator Aveo

One of the world’s largest alternative investment management companies, Brookfield, is looking to sell its Australian retirement village owner/operator, for a figure around $3 billion. The Weekly SOURCE understands investment banks have been invited...

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Ian Horswill

25 Jun 2024

Mergers & Acquisitions

Silverchain Group to become Australia’s third largest home care provider after buying KinCare

With Silverchain Group’s existing 21,300 home care customers, the acquisition will more than double the combined organisation’s client base to nearly 33,000 in-home care recipients, making Silverchain Group potentially the second largest home care...

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Caroline Egan

02 Jul 2024

Retirement and Community Living

Shadow Minister for Health and Aged Care Anne Ruston causes a stir at the National Retirement Living Summit

The delegates left at the National Retirement Living summit on Friday morning had been told of a special address by the Minister for Aged Care Anika Wells. “I’m sorry that I couldn’t be there in person as Parliament is sitting. So, I’ve had to...

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Ian Horswill

02 Jul 2024

Government Policy

FWC releases decision on amount and timing of Stage 3 wage rise

The Fair Work Commission has handed down its decision on the timing of its Stage 3 wages rises for aged care workers, which will deliver some workers increases of nearly 30% in total. Direct care workers, who did not receive an increase as part of...

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Caroline Egan

27 Jun 2024

Aura Holdings has settled or pre-sold 90% of its 200 QLD homes being built in 2024

Since being founded in 2016 retirement sector Tim Russell and Mark Taylor have been developing six luxury vertical over 60s villages in sought-after locations in Brisbane, the Gold Coast and Sunshine Coast. Talking to Aura CEO Sean Graham after the...

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Exclusive: Retirement by Moran finalises purchase of huge Wesley Taylor Village on Sydney’s Northern Beaches and reveals development vision

Managing Director Sally Taylor said Retirement by Moran can now proceed with plans to redevelop the whole of the 9,234sqm site of The Wesley Mission’s Wesley Taylor Village and Residential Aged Care home adjacent to the beach at Narrabeen. They took...

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95% of apartments sold before Uniting’s latest retirement village in Sydney’s Little Italy opens

McRae-McMahon Place, named after the former Uniting Church Minister and social justice activist, Rev. Dorothy McRae-McMahon, features 65 homes, from one-bedroom apartments to deluxe penthouses, including 12 apartments for social housing in...

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First residents move into Summerset’s first retirement village in Melbourne later this month

10 two- to three-bedroom villas at its site in Cranbourne North, 39km south-east of Melbourne’s CBD, will mark the New Zealand operator’s entry into Australia. Stewart Scott, Summerset Group’s General Manager Development Australia, said it had...

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Ian Horswill

05 Mar 2024