Aspen Group: little change in profits

Aug 26 2010 Updated July 4, 2023

The Weekly Source

1 min read

The Aspen Group has announced a FY10 profit after tax of $33.6 million, only slightly up from last year. Aspen was one of the few achievers last financial year, posting a profit of $33.2 million in FY09. Aspen Living currently manage five residential land estates in Australia and plan to create over 6000 home sites and build land assets to over a $1 billion.

BaptistCare, Baptcare and Baptist Care SA set to become Australia’s third-largest, integrated care and services provider

Almost 18 months after BaptistCare NSW/ACT and Baptistcare WA merged, the Boards and executives of BaptistCare (NSW, ACT, WA), Baptcare (VIC, SA, TAS), and Baptist Care SA today announced they will merge to form a billion-dollar aged care and...

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Lauren Broomham

14 Nov 2024

Government Policy

Aged Care Minister announces financial support for providers to help with reforms

Aged Care Minister Anika Wells has announced Government support for aged care providers to help them implement the once-in-a-generation reforms that are due to take effect in less than eight months’ time. In Senate Inquiry hearings and submissions...

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Aged Care Bill 2024 passes Senate with bipartisan support after amendments

In a historic moment for the aged care sector and older Australians, the Aged Care Bill 2024 has been approved in the Senate. “We congratulate our elected politicians for putting older Australians and the future of aged care above party politics...

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Caroline Egan

21 Nov 2024

Government Policy

The 10 amendments the Opposition wants to make to the Aged Care Bill 2024

Today, Shadow Minister for Aged Care Senator Anne Ruston on behalf of the Opposition has tabled 10 amendments to the Aged Care Bill 2024 in the Senate.

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Caroline Egan

20 Nov 2024

History made: new Aged Care Act to be law

The Aged Care Bill 2024 was passed by the Australian House of Representatives on Monday and will become law. The Weekly SOURCE reported on Friday the Aged Care Bill 2024 had been approved in the Senate after four amendments sought by Shadow Minister...

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New Aged Care Act – and Plan B co-contribution funding – was achieved just three years to the day from when the sector was called to mobilise

In November 2021, the editorial team here at DCM/The SOURCE sat down and discussed what is the future for aged care. To be blunt, there was no optimism in the sector as operators racked up month after month of financial losses.

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Aged Care Bill 2024 passes Senate with bipartisan support after amendments

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Caroline Egan

21 Nov 2024

Topic - Aged Care

Sector Moves & People

ACCPA appoint Mark Sewell (NSW/ACT) and Clare Grieveson (WA) as Directors

The appointments were made at the Annual General Meeting of Aged and Community Care Providers’ Association (ACCPA) on Tuesday. Clare is CEO of Southern Cross Case (WA) Inc and has 30 years’ experience in the health and aged care sectors. Her governance...

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Caroline Egan

21 Nov 2024