Aged Care

The sector speaks to The SOURCE: Grant Corderoy, Senior Partner StewartBrown

Sep 19 2024 Updated 15 hours ago

Lauren Broomham

1 min read

DCM Group journalist, Lauren Broomham talks to Grant Corderoy, Senior Partner at StewartBrown and a key member of the Aged Care Taskforce, about the financial implications of the Government’s response to the Taskforce.

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Main changes to the new Aged Care Act at a glance

The reforms to the Aged Care Act are for future residents. The Opposition secured grandfathering arrangements, to ensure that every Australian who has already commenced their journey of ageing within the Commonwealth system will not be impacted by...

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Ian Horswill

12 Sep 2024

Opinion

Real co-contribution is (almost) here: $3.76B cash

In March 2022, co-contribution in aged care was unthinkable, said nearly every CEO and adviser. Today, after many warnings that the countdown was on for the new Aged Care Act to pass Parliament this year, the Government and the Opposition has come...

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Lauren Broomham

12 Sep 2024

News & Headlines

Government and Opposition reach agreement on “historic” aged care reforms

The Government has sealed a deal with the Opposition to support “once in a generation” aged care reforms, with the new legislation expected to be introduced into parliament later today. At a press conference in Canberra, Prime Minister Anthony...

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Caroline Egan

12 Sep 2024

Opinion

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

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

Topic - Acquisitions

Mergers & Acquisitions

Stockland acts as ACCC delays decision on Lendlease master planned communities purchase

In May, Stockland said Forest Reach would include a Stockland Halcyon land lease community for over 60s

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Ian Horswill

11 Sep 2024

Topic - Acquisitions

Mergers & Acquisitions

Exclusive: Bolton Clarke buys four RCA Villages in Victoria

The largest independent Not For Profit aged care provider, offering at home support, retirement living and residential aged care, now owns and operates 43 retirement villages. It has taken ownership of RCA Villages’ Martha Bay, Casey Grange, Marth...

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Ian Horswill

11 Sep 2024

Topic - Acquisitions

Mergers & Acquisitions

Sale flyer states Aveo is the retirement village’s “premier option” with a $1.6M average median house price

The Brookfield-owned business owns and operates 65 retirement villages with 27 in Queensland, 15 in NSW and 23 in Victoria, according to the sale flyer from Morgan Stanley and Barrenjoey and which assumes its exiting two sites in Tasmania will be...

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Ian Horswill

09 Sep 2024