Topic - Aged Care

A Current Affair returns to ‘aged care horrors’

Mar 26 2018 Updated May 3, 2023

The Weekly Source

1 min read

Channel Nine’s A Current Affair is again putting the spotlight on aged care with a report on a Queensland aged care home featuring two anonymous nurses.

They say the facility is “gaming” its funding applications to get more funding from the Federal Government.

Watch it here.

Scape moving to acquire Aveo is good news – here is why

It was revealed in the Financial Review this week that Australian student accommodation giant Scape is now the exclusive bidder to buy Aveo, for an indicated $3.5B. They will bring fresh thinking to the retirement village sector. Take a step back...

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Chris Baynes

15 Apr 2025

Opinion

Is Trump the golden ticket for aged care?

Hear me out – here’s the thinking. Unless you’ve been living under a rock, you’ve probably seen the headlines: US President Donald Trump’s sweeping new tariffs on imports have rattled global financial markets – Australia included.

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Lauren Broomham

10 Apr 2025

Mergers & Acquisitions

Scape reportedly in exclusive talks to buy retirement village operator Aveo

The student accommodation provider, working with Macquarie Capital and Deutsche Bank on due diligence, is likely to call on the two banks and Scape’s capital partners to buy the $3 billion plus business owned by Brookfield. Brookfield put Aveo up...

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Ian Horswill

15 Apr 2025

Mergers & Acquisitions

Exclusive: Chiou See Anderson sells her two retirement villages

The 123-unit Elements @Springwood, in Queensland’s City of Logan, and the 45-unit Elements @Con Noi Carindale, 13km southeast of Brisbane’s GPO, have a new owner. Chiou See has told us the NSW-based Hunter Group has bought her two villages; they...

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Ian Horswill

14 Apr 2025

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.

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Damned if you do, damned if you don’t: aged care on a collision course with care minutes

With just 12 months until care minutes are linked with funding, residential aged care providers are facing a lose-lose scenario: lose funding if they understaff but fail to be compensated if they exceed targets, says Shalain Singh, Managing Director and CEO of Arrow Advisory Group.

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Labor’s $60M promise for NT aged care is not new money for the sector

Last Friday, Minister for Aged Care Anika Wells promised $60 million to build a 120-bed aged care facility in Palmerston, 20km west of the Darwin city centre, with the funding delivered through the Aged Care Capital Assistance Program.

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NoosaCare tests high-end market with Kabara aged care home expansion, with further plans

Not For Profit aged care operator NoosaCare has opened a six-bed extension and upgrade at its Kabara aged care home in Cooroy, 125km north of Brisbane, with larger rooms with premium outlooks commanding RADs of $830,000, “evidence” to CEO Grant Simpson there is demand for high-end rooms.

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Caroline Egan

17 Apr 2025