Malaysian healthcare provider, KPJ has announced its purchase of 51% of Jeta Gardens in Bethania, Queensland for approximately AUD$45 million. Jeta Gardens is an Asian themed retirement village and aged care complex offering 108 beds, 23 units of retirement villas and 32 units of apartments located on 64 acres of land.
Exclusive: home care service margins need to increase from 13% to 33% to maintain operating surplus, says StewartBrown
Home care operators have seen a marginal improvement in their finances in the December 2024 quarter – but will need to grow their service margins beyond the required service price increases to maintain financial viability under the new Support at Home program, says the latest report from StewartBrown.