Editorials

Swift secures $2M to buy Web2TV to move into aged care and land lease communities

Nov 22 2016 Updated May 3, 2023

The Weekly Source

1 min read

The recently listed Swift Network Group is purchasing Web2TV and Living Networks, which provides entertainment and telecommunication services to aged care homes and over-55s lifestyle resorts.

Swift delivers TV, Wi-Fi, video on demand and telco services to remote mining camps.

They already have 29,000 room installations across Australia, which generated 93% of its $14.42M revenue in 2015-16. They want to grow that to 40,000 and boost Swifts presence in NSW and VIC via aged care and villages.

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

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

Opinion

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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Lauren Broomham

17 Apr 2025

Mergers & Acquisitions

Exclusive: Levande buys four new sites for retirement villages

Levande adds four new sites to its $2B growth plan, including major developments in Sydney, Melbourne, and Geelong.

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Ian Horswill

22 Apr 2025

SATURDAY means business: Why Whiddon is done waiting for the system to change

Frustrated with red tape, workforce shortages and broken regional services, Whiddon CEO Chris Mamarelis (pictured) is taking matters into his own hands with a bold new initiative to reform health and aged care – from the ground up. What’s the...

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Lauren Broomham

24 Apr 2025

Topic - Aged Care

Mergers & Acquisitions

Most aged care operators expected to see M&A activity within three years: LEADERS SUMMIT presentations now available

Investor interest in Australia’s aged care and retirement living sectors is gaining momentum, with most providers likely to experience merger or acquisition activity within the next three years. Hugo Dudley-Smith, Managing Director of M&...

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Appeal set for ex-NSW police officer who avoided jail over aged care Taser death

A court date has been set for the appeal of the sentence handed to former NSW Police officer Kristian White (pictured above right), who was convicted of the manslaughter of 95-year-old Clare Nowland (pictured above left) last month. The NSW Court of...

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Aged care isn’t fixed – so why are we not talking about it?

If you tuned into yesterday’s National Press Club debate between Federal Minister for Health and Aged Care, Mark Butler, and Shadow Minister, Anne Ruston, hoping for a meaningful discussion on aged care – you would have been sorely disappointed.

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Lauren Broomham

24 Apr 2025