Government Policy

The sector speaks to The SOURCE video: Prue Bowden, Group CEO – Home Health at Australian Unity

Sep 26 2024 Updated September 25, 2024

Caroline Egan

1 min read

In this insightful interview, Prue Bowden, Group CEO – Home Health at Australian Unity speaks to DCM Group's Lauren Broomham, editor of The SOURCE, about her initial responses to the Government's aged care reform package and its potential to improve care for older Australians.

For more on Prue's thoughts on the reforms, and other leader interviews, subscribe to SATURDAY.

New Aged Care Act a golden opportunity for some retirement village operators

The new Aged Care Act has been welcomed by all and I think everyone in the sector breathed a sign of relief when they heard the news last Thursday. It still has to go before a Senate inquiry and the criticial words from The Greens and the Nationals...

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Ian Horswill

17 Sep 2024

Opinion

It may not be obvious but retirement living and land lease operators have received a ‘win’ in new aged care announcements

When Prime Minister Anthony Albanese announced “historic aged care reforms” on 12 September there was no mention of retirement villages or land lease communities. However, behind the new Aged Care Act and in particular co-contribution, that will be...

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Chris Baynes

24 Sep 2024

Mergers & Acquisitions

Exclusive: Keyton is selling its 10 retirement villages in Western Australia

“Our WA villages are in great shape and its strong performance will have appeal to potential buyers. The time is right for us to capitalise on this opportunity,“ said Keyton CEO Nathan Cockerill

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Ian Horswill

16 Sep 2024

Mergers & Acquisitions

Retirement village pioneer Chas Jacobsen sells his two aged care homes to Regis Healthcare for about $400,000 a bed

The listed operator, which owns and operates 67 residential aged care homes, announced to the ASX this morning it has entered a binding agreement to acquire the village veteran’s two aged care homes Village Glen Mornington and Village Glen Capel Sound, on Melbourne’s Mornington Peninsula.

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Ian Horswill

20 Sep 2024

Fed Govt pledges $900M for aged care services in thin markets

Aged Care Minister Anika Wells has announced a $900 million support package for aged care providers operating in thin markets, as part of the Federal Government’s $5.6 billion aged care reforms announced on 12 September. The Government will invest...

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Optimism 2.0: only three years until billions in new cash flows into aged care

Analysis of the Australian Government’s aged care reforms has forecast the residential aged care sector can expect at least $2-plus billion a year in additional funding in three years’ time. Will it be enough to incentivise new beds? As we...

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80% of residential aged care providers making a profit, according to Fed Govt

The percentage of residential care providers reporting a positive EBITDA result increased to 80.2% as of 31 March 2024, up 11.7 percentage points from 31 March 2023 YTD, according to the Department of Health and Aged Care’s latest Quarterly Financial Snapshot (QFS) - Quarter 3 2023-24.

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Caroline Egan

26 Sep 2024