Opinion

“Whining for more money won’t cut it”: IRT CEO Patrick Reid’s political wishlist

Patrick Reid, the CEO of Illawarra-based aged care provider IRT, has told The SOURCE, “The clear message is that the Government’s cupboard is bare” as part of our latest political wishlist ahead of the yet-to-be-announced 2025 Federal Election...

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Caroline Egan

23 hours ago

Opinion

Proposed aged care liquidity standards a blunt instrument to hammer smaller NFPs

The days when retirement village profits prop up struggling aged care homes appear to be over. As The Weekly SOURCE reported last Thursday, the Exposure Draft for the new Aged Care Financial and Prudential Standards 2025 has proposed aged care...

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Lauren Broomham

06 Mar 2025

Opinion

Is this the canary in the coal mine for retirement village operators? The future when care crosses independent living

On 18 February, the Aged Care Quality and Safety Commission quietly released an ‘Exposure Draft’ for the Aged Care Financial and Prudential Standards 2025. In it the Federal Government crossed the line into retirement villages. See the wording...

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Chris Baynes

04 Mar 2025

Aged Care

Shalain Singh launches specialist advisory firm Aged Care and Retirement Living Analytics (ACARLA)

The senior adviser is seeking to leverage data-driven insights for aged care and retirement living operators at a more affordable price with the launch of a new analytics advisory and consulting firm for the sector.

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Lauren Broomham

27 Feb 2025

Opinion

‘Rolled gold’ for Regis – but no ‘sandbags’ against the rising tide of aged care demand

The ASX-listed operator’s half year results highlight the growing optimism in residential aged care – but they also underline the challenges facing the wider sector.

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Lauren Broomham

27 Feb 2025

Opinion

Early intervention should be key aged care priority: Southern Cross Care (SA, NT & VIC) CEO David Moran’s ‘political wishlist’

Health promotion and the early identification and reversal of frailty should be at the heart of Australia’s aged care system, says the CEO of the Not For Profit provider which operates 17 aged care homes, 35 retirement villages, and delivers home care services.

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Caroline Egan

27 Feb 2025

Opinion

Good news for our sector and older Australians – quality executives leading advocacy at the right time

Looking forward, the retirement living sector is set for both great times and very dangerous times. Public opinion and demand for our products will be strong, but we will also be susceptible to bad news – and there will be bad news. Regular...

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Chris Baynes

25 Feb 2025

Opinion

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...

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Lauren Broomham

20 Feb 2025

Opinion

“Holistic” solution needed for aged care workforce crisis: Anglicare CEO Simon Miller on his political wishlist

In our latest instalment outlining aged care CEO’s ‘political wishlists’ as we head into the federal election, Simon said, “The heart of aged care is its workforce but too often, barriers like housing costs, limited transport options, and other pressures push them away.“

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Caroline Egan

20 Feb 2025

Opinion

Are you strategically prepared for the next 5 years given the macro changes rushing towards us?

I have been reporting on the retirement living, home care and residential aged care sectors for 20 years. The future has never been as uncertain as today. With the first wave of Baby Boomers turning 80 this year, demand for ageing service will jump...

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Chris Baynes

18 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...

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Lauren Broomham

13 Feb 2025

Opinion

Home care can be “true hospital substitution”: Silverchain’s Dale Fisher in aged care ‘political wishlist’

“Many of the challenges in our health care system could be addressed through better coordination and funding for in-home aged care,” Dale has told The Weekly SOURCE. “Home care that is truly hospital substitution could be a significant part of...

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Caroline Egan

13 Feb 2025

Opinion

Village operators will need home tech and possibly private 5G sooner than they think

Last week James Wiltshire and I were invited by the leadership of the big Not for Profit operator Warrigal, spread across the Illawarra and ACT, to strategically discuss the future of retirement villages. We emphasized that their future will require...

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Chris Baynes

11 Feb 2025