Prime Trust winner launches new $52 million village in Cessnock

Oct 29 2011 Updated July 4, 2023

The Weekly Source

1 min read

Perhaps the only person to make a killing out of the Prime Trust debacle is Phil Carter who sold his Morpeth village to Prime Trust for a reputed $10 million above expectation. His plans for Signature Gardens Retirement Resort is for 200 self care villas, an 80 bed care facility and a 20 room assisted living apartment building.

Scape moving to acquire Aveo is good news – here is why

It was revealed in the Financial Review this week that Australian student accommodation giant Scape is now the exclusive bidder to buy Aveo, for an indicated $3.5B. They will bring fresh thinking to the retirement village sector. Take a step back...

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Chris Baynes

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Mergers & Acquisitions

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The student accommodation provider, working with Macquarie Capital and Deutsche Bank on due diligence, is likely to call on the two banks and Scape’s capital partners to buy the $3 billion plus business owned by Brookfield. Brookfield put Aveo up...

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Ian Horswill

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Opinion

Damned if you do, damned if you don’t: aged care on a collision course with care minutes

With just 12 months until care minutes are linked with funding, residential aged care providers are facing a lose-lose scenario: lose funding if they understaff but fail to be compensated if they exceed targets, says Shalain Singh, Managing Director and CEO of Arrow Advisory Group.

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Lauren Broomham

17 Apr 2025

Mergers & Acquisitions

Exclusive: Levande buys four new sites for retirement villages

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Ian Horswill

22 Apr 2025

Support at Home: six strategies every home care provider needs now

With the new Support at Home program launching on 1 July, home care providers have just weeks left to overhaul their systems, staffing, and service delivery – or risk falling behind. In a recent DCM Group webinar, sector leaders laid out six key strategies to succeed in this new era.

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Lauren Broomham

48 minutes ago

Community Living

Mergers & Acquisitions

Retirement living set for major growth as investors eye long-term opportunities: LEADERS SUMMIT presentations now available

The retirement living sector is entering a new era of transformation and investment, with strong signals that mergers and acquisitions will accelerate over the next few years.

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SATURDAY means business: Why Whiddon is done waiting for the system to change

Frustrated with red tape, workforce shortages and broken regional services, Whiddon CEO Chris Mamarelis (pictured) is taking matters into his own hands with a bold new initiative to reform health and aged care – from the ground up. What’s the...

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Lauren Broomham

24 Apr 2025

Topic - Aged Care

Mergers & Acquisitions

Most aged care operators expected to see M&A activity within three years: LEADERS SUMMIT presentations now available

Investor interest in Australia’s aged care and retirement living sectors is gaining momentum, with most providers likely to experience merger or acquisition activity within the next three years. Hugo Dudley-Smith, Managing Director of M&...

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Lauren Broomham

24 Apr 2025