Home Care

Only in SATURDAY: CHSP and home care providers are rudderless and bailing

May 30 2024 Updated May 30, 2024

Caroline Egan

1 min read

Increasing numbers of providers are saying there is little incentive to hold tight until 2027, when the Commonwealth Home Support Program (CHSP) rolled into Support at Home, when they are losing money today.

Find out what providers are saying - and who are likely to be the winners in this situation - in our most recent edition of our premium digital magazine SATURDAY. To subscribe, click here.

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

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Sector Moves/People

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

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Caroline Egan

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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

VIC Govt’s latest aged care home will cost $1.2 million per bed

The Victorian Government is spending $41.1 million in Cohuna, 274km north of Melbourne, to build a 24-bed aged care home. The $1.7 million per bed price tag is well in excess of the widely held estimation in the sector that a bed costs approximately $400,000 to $500,000 to build, The Weekly SOURCE reported last month.

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Aura Holdings finish The Pavilion North Kirra retirement village, Gold Coast, with all apartments above $1M

The completion of Stage Two at The Pavilion North Kirra means Aura Holdings has delivered a total of 201 new retirement living apartments to the market in 2024, showcasing a year of growth and success, with “multiple new projects on the...

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Forestville RSL Club in Northern Sydney latest attracted to seniors living to save its future

The club, established in 1959, is seeking a two-stage $77 million redevelopment of the entire 9014msq site for a new venue and 39 two- and three-bedroom independent living units (ILUs) in a low-density apartment complex. Forestville RSL Club CEO Ian...

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On-site display suite opens at Keyton’s Sunrise Beach Village retirement facility

Co-located adjacent to BlueCare’s Sunrise Beach Residential Aged Care facility in the coastal suburb in Noosa, Sunshine Coast, the retirement village will offer 122 independent living homes. Keyton Chief Executive Officer Nathan Cockerill said...

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Ian Horswill

04 Nov 2024