The latest Board Pack for Q4 FY24 from aged care advisors Ansell Strategic has highlighted some of the trends emerging as the sector awaits the new Aged Care Act and funding reforms from the Aged Care Taskforce.
The 19-page report notes the residential aged care sector is seeing growing levels of innovation as occupancy tightens and with the potential for funding reforms.
"Investors are watching the growing numbers of older Australians descending upon a sector that remains underdeveloped and inflexible," the report notes.
"They see inevitable opportunities for those operating services that are already under demand pressure, and many anticipate a rebalancing of Commonwealth control over funding and services.
"We are now witnessing an emergence of innovative models that have challenged our traditional RAC and retirement living services."
However, the 19-page report, which is published to provide a summary of 'what executives and directors needs to know in aged care', notes that residential aged care transactions were "slightly slower, with a steady stream of small single home transactions following the major acquisitions of BlueCross and Signature Care".
The report also provides detail of major mergers and acquisition during Q4 and into FY25, the key reforms that occurred in Q4, key operating and compliance results, and funding and financing trends.
Ansell Strategic also released its Residential Managers' Bulletin this week, which contains recommendations for the strategic use of care minutes to optimise RN time, when the 215 care minute requirement comes in from 1 October.
You can read the Board Pack here.
You can read the Residential Managers' Bulletin here.
