Houston, we have a problem: with three years until new funding rolls into the sector, the residential aged care sector needs to be advocating now for help to deliver the beds the Government says are so desperately needed.
We recently attended the Sydney leg of StewartBrown’s 2024 Aged Care Finance Forum where Senior Partner Grant Corderoy outlined the challenges facing new investment in beds.
In FY24, residential aged care operators delivered a negative 0.41% operating return on assets.
The EBITDA return on assets was just 1.04%, while the overall operati
Subscribe to The Weekly SOURCE to read the full story.