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Aspen Group: little change in profits

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.

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WEEKLY SOURCE
Mergers & Acquisitions

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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Caroline Egan
17 Nov 2024
Government Policy

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
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Technology

EY awarded $620K contract to assess “digital maturity” of aged care sector

The Department of Health and Aged Care has contracted consultants EY to assess the “digital maturity” of the aged care sector with a view to developing benchmarks and informing future aged care reforms. “The Department of Health and Aged Care is...

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Caroline Egan
21 Nov 2024
Technology

Aged care operators heading for “challenging time” as deadline for reforms approaches: Epicor

With the aged care sector anxiously waiting to see if the new Aged Care Bill 2024 passes Parliament this month, enterprise software provider Epicor is warning that operators need to be preparing now given the limited timeframe to transition to the...

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Lauren Broomham
14 Nov 2024
Technology
Home Care

In latest SATURDAY magazine: Mable’s role in Australia’s aged care system cemented with 650 new recruits a week

Mable’s offer of choice, flexibility and control for workers - and choice of support for customers - is making the peer-to-peer support worker platform a lynchpin of Australia’s aged care ecosystem. What role is the platform increasingly playing...

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Caroline Egan
30 Oct 2024
Technology

Telstra and Optus switched off 3G networks on 28 October

Telstra and Optus began closing down their 3G networks on 28 October 2024, with Telstra saying it will take about a week to shutdown their network, and Optus saying the process could take months. Devices that may be affected include phones...

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Caroline Egan
30 Oct 2024
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