Technologies

Lookout Way

Oct 26 2023 Updated December 2, 2024

Group Editor

1 min read

A truly customer-focused digital care management system built by home care practitioners.

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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

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

Government Policy

New minimum liquidity ratios for aged care revealed

The new Aged Care Quality and Safety Commissioner, Liz Hefren-Webb, hosted a webinar on Tuesday outlining the New Financial and Prudential Standards, which remain open for consultation but due to take effect from 1 July 2025.

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Caroline Egan

20 Feb 2025

Mergers & Acquisitions

Final hurdle: Pacific Equity Partners to buy AMP Capital’s stake in Opal HealthCare

Australasia’s oldest and largest private equity firm has reached an agreement to buy AMP Capital’s “up to 50% stake” in Opal HealthCare, Australia’s largest private aged care operator, with 133 aged care homes across NSW, Victoria, QLD, WA, and SA.

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Caroline Egan

13 Feb 2025

Home care still seen as viable business despite labour costs rising

Margins fell to 7.1% in Q1 2024-25 due to an 11% increase in expenses as claim days and package utilisation increased pushing labour costs higher.

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Ageing Australia’s Pre-Budget submission wants new workforce strategy

In its Pre-Budget Submission 25-26, Australia’s peak body for aged care providers is calling on the Government to fund a National Aged Care Workforce Strategy to undertake data collection, establish an Aged Care Worker Attraction Fund, and improving access to migrant workers.

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Consultation opens on promised aged care worker national registration scheme

The Federal Government is seeking feedback on a national registration scheme for the approximately 310,000 personal care workers who work in aged care, after the 2023-24 Federal Budget committed $59.5 million over five years to the program.

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Residents told to consider 2nd or 3rd preferences as Mercy Services’ Singleton aged care home set to close in March

Mercy Services has told the remaining residents of its Singleton aged care home, 200km north of Sydney, it is planning to close in only six weeks’ time.

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Caroline Egan

20 Feb 2025