Building new aged care beds has doubled in cost in the past four years, jumping from $250,000 to $500,000-plus, while revenue has moved just a little and profit per bed ranges from negative to sub 10% positive return for the most efficient operators. On paper, it’s a mugs game; so, where to from here? Pre-COVID, aged care providers could build a new bed for $250,000. Today, the cost is closer t...