Technology

Lookout Connect

Dec 12 2023 Updated January 9, 2024

Aaron Cliff

1 min read

Workforce recruitment: your one-stop shop for quality care staff. Vetted and verified healthcare workers. Australian industry specialised. Ready to go.

Contact

Sam Carson

Commercial Director

Lookout Connect

sam.carson@fivegoodfriends.com.au

0409 384 990

The $4B problem: Govt’s proposed liquidity requirements a nail in the coffin for aged care

The Federal Government is seeking to set minimum liquidity requirements for residential aged care providers for the first time – dangerous territory for a sector that has finally reached a level of financial and regulatory certainty. Previously...

Click here

Lauren Broomham

20 Feb 2025

Opinion

1,250 net new aged care beds in 2024: why PEP’s billion-dollar Opal HealthCare deal is ‘rolled gold’

The private equity firm’s agreement to take a 50% stake in Australia’s largest private residential aged care operator is confirmation that the sector is again headed for boom time as demand increasingly exceeds supply. As we report this week...

Click here

Lauren Broomham

13 Feb 2025

Government Policy

New minimum liquidity ratios for aged care revealed

The new Aged Care Quality and Safety Commissioner, Liz Hefren-Webb, hosted a webinar on Tuesday outlining the New Financial and Prudential Standards, which remain open for consultation but due to take effect from 1 July 2025.

Click here

Caroline Egan

20 Feb 2025

Mergers & Acquisitions

Final hurdle: Pacific Equity Partners to buy AMP Capital’s stake in Opal HealthCare

Australasia’s oldest and largest private equity firm has reached an agreement to buy AMP Capital’s “up to 50% stake” in Opal HealthCare, Australia’s largest private aged care operator, with 133 aged care homes across NSW, Victoria, QLD, WA, and SA.

Click here

Jury considers fate of police officer accused of manslaughter of aged care resident Clare Nowland

Senior Constable Kristian White, 34, has pleaded not guilty to the manslaughter of Clare Nowland, who he tasered at the 40-bed Yallambee Lodge aged care facility, in Cooma, 114km south of Canberra, on May 17, 2023.

Click here

Mirus Australia: 57% not confident about their aged care home’s data handling

Just over half of respondents who attended a webinar hosted by the aged care advisory group disagreed with the statement they have proper applications in place managing their data safety and have no manual processes. The same survey by Mirus...

Click here

AI-enhanced robots may be the key to calming anxious or agitated people living with dementia

A polit of social robots in Singapore has found they can help to engage or calm people living with dementia who are restless, anxious or agitated, and could offer an effective alternative to medication. Prudence Chan, Clinical Director of the...

Click here

Aged care home operators chalk up fifth year of losses: StewartBrown

Residential aged care’s profitability improved in the March 2024 quarter, according to the latest Aged Care Financial Performance Survey Sector Report from StewartBrown. However, the improved results are due to increased Government funding for care...

Click here

Caroline Egan

08 Jul 2024