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.
Opal HealthCare acquires Cranbrook Care’s five aged care homes
Australia’s largest residential aged care provider has acquired five aged care homes from private operator Cranbrook Care, located in Kanwal on the NSW Central Coast, and Kellyville, Neutral Bay, Abbotsford and Bella Vista in Sydney.