Topic - Developments

$50M retirement village planned on Surf Coast Council land in VIC

Mar 13 2023 Updated May 3, 2023

Section Editor

1 min read

An amended and scaled back plan for a $50 million 138-independent living unit retirement village on what is now council-owned land has been approved by Surf Coast Council and will go to public consultation.

The site, which is on the outskirts of the seaside town of Torquay, 21km south of Geelong, VIC, was approved for sale in principle for a retirement village last year despite community objections.

The three-storey villas in the proposed village designed by Sincock Planning have been reduced to two storeys and a two-storey apartment building and now three-storey clubhouse have been moved.

Surf Coast CEO Robyn Seymour said the decision to go to a public consultation period did not necessarily mean the site would be sold, Geelong Advertiser reported.

Janet Anderson out, new Aged Care Quality and Safety Commissioner in

The inaugural Commissioner of the Aged Care Quality and Safety Commission, Janet Anderson PSM, will depart the role next month after six years in favour of a new face.

Click here

Lauren Broomham

13 Dec 2024

Sector Moves & People

Which aged care provider has been awarded a $136M contract to conduct assessments under new Single Assessment System?

The Department of Health and Aged Care has released details of contracts worth nearly $1.5 billion awarded to operators to conduct aged care assessments under the new Single Assessment System. The largest contract, worth more than $226 million, was...

Click here

Breaking news: Fed Govt slashes $2.5B off aged care with new payments in arrears for residential aged care from 1 July 2026

With the Federal Budget slipping further into deficit over the next four years, the Mid-Year Economic Fiscal Outlook (MYEFO) 2024-25 has revealed the Albanese Government is looking to save on spending with aged care is in its sights. Presenting the...

Click here

Lauren Broomham

18 Dec 2024

Sector Moves & People

Two key Dept architects of the aged care reforms are moving to new jobs

Michael Lye, the Deputy Secretary, Ageing and Aged Care, and Nick Morgan, Assistant Secretary, Support at Home Reform, with the Department of Health and Aged Care (DoHAC) have new jobs in the public sector that will shift them away from aged care, only months before significant reforms are scheduled to be implemented.

Click here

Caroline Egan

11 Dec 2024

Bain Capital-owned Estia Health reportedly secures $300M finance line

Estia Health has secured $300 million in financing from Japanese Bank Nomura, according to The Australian Financial Review’s Street Talk column.

Click here

Caroline Egan

11 Dec 2024

Topic - Acquisitions

Mergers & Acquisitions

Sale price for Kiama Council’s Blue Haven Bonaira aged care home slashed by $6M

Perth-based aged care provider Hall & Prior will pay $89 million for the Council-built 134-bed aged care home in Kiama, south of Sydney, down from the $95 million original price tag, after additional building defects were identified.

Click here

Caroline Egan

11 Dec 2024

Topic - Acquisitions

Mergers & Acquisitions

With its closest aged care home 1,200km away, St Vincent’s Care Services sells Townsville facility to Ozcare

Ozcare was established as part of the St Vincent de Paul Society Queensland in 1996 and nearly 30 years later has more than 50 locations throughout Queensland including 18 aged care homes, with several in and around Townsville

Click here

Caroline Egan

11 Dec 2024

Topic - Acquisitions

Mergers & Acquisitions

Regis Aged Care and Estia Health complete acquisitions

This week, two acquisitions by Regis Aged Care and Estia Health were completed.

Click here

Caroline Egan

05 Dec 2024