Home Care

In latest SATURDAY magazine: Mable’s role in Australia’s aged care system cemented with 650 new recruits a week

Oct 30 2024 Updated October 30, 2024

Caroline Egan

1 min read

Mable's offer of choice, flexibility and control for workers, and choice of support for customers, is making the peer-to-peer support worker platform a lynchpin of Australia's aged care ecosystem.

What role is the platform increasingly playing with traditional aged care operators?

Find out in Issue 87 of SATURDAY. Subscribe here for only $250.

In just six weeks as Eureka CEO Simon Owen wants to raise $70M to buy seven retirement communities

The man, who transformed two small village operators into the then $1.65 billion ASX-listed Ingenia Communities, is setting a cracking pace in his new role in charge of Australia’s only pure-play seniors rental business. “I’m excited to announce...

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Ian Horswill

25 Oct 2024

Sector Moves/People

Robotics pioneer Lee Martin, CEO of Lutheran Homes Barossa, SA, forced to step down

Lee had been CEO of the Not For Profit operator of three residential aged car homes and two retirement villages in South Australia’s Barossa Valley for more than a decade, was appointed in October 2014. He said he was “devastated” by the decision of...

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Caroline Egan

30 Oct 2024

Out of the Ordinary

Anglicare scraps DMF for LDK’s Village Membership model at Woolooware Shores with early success

The Deferred Management Fee (DMF) has been replaced at the For Purpose Not For Profit’s Woolooware Shores retirement village in Taren Point, 18km south of Sydney’s CBD. Jodie Pennings, Head of Sales, Retirement Living, at Anglicare, contacted us...

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Ian Horswill

04 Nov 2024

Opinion

Is David Di Pilla making a land lease wrap up move on Lifestyle Communities and Ingenia?

Last Thursday David Di Pilla’s HMC Capital notified the ASX it had acquired 2.69% of Lifestyle Communities. It looks like they may also have access to another 4.6%, a total of 7.3%, whilst also owning around 8% of Ingenia. What is his strategy? Di...

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Chris Baynes

05 Nov 2024

Perth-based Hall & Prior marks ACT expansion with acquisition of Canberra Aged Care

Standalone family-operated home Canberra Aged Care, which has been operating since 1982, has been sold to WA-based operator Hall and Prior for undisclosed amount. Phil Smmith Director Health Aged Care Confidential Hall & Prior currently has 24...

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Caroline Egan

15 hours ago

Topic - Acquisitions

Mergers & Acquisitions

Estia Health buys Calvary Health Care’s three aged care homes in QLD

The private aged care operator Estia Health has boosted its already significant presence on the Gold Coast and Sunshine Coast. The purchase of Calvary Health Care’s three Queensland aged care homes, Calvary Robina Rise, Calvary Noosa and Calvary Gympie Views...

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Caroline Egan

15 hours ago

Topic - Acquisitions

Mergers & Acquisitions

Private Equity Partners reportedly to pay more than $1B for 50% of Opal HealthCare

Opal HealthCare is Australia’s largest aged care provider, with 133 aged care homes in NSW, Vic, Qld, WA, and SA, after the acquisition of 31 homes in Victoria from BlueCross

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Caroline Egan

15 hours ago

Topic - Acquisitions

Mergers & Acquisitions

Simon Owen repositions Eureka as Build to Rent with its first vertical BtR and a horizontal BtR acquisition

In a nice turn of phrase, new Eureka CEO Simon Owen in his AGM speech described its 52 rental village portfolio as horizontal Build to Rent. One village is now being replaced with a 153 unit rental tower at Southport QLD. It has lodged a development...

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Ian Horswill

04 Nov 2024