Aged Care

Only in SATURDAY: Andrew Thorburn’s mission for HammondCare

Feb 27 2025 Updated 10 hours ago

Caroline Egan

1 min read

Few operators want to tackle the complex end of aged care - but the HammondCare CEO has a plan to meet the growing demand for dementia and palliative care services.

How does he plan to get there? To find out, read Issue 93 of SATURDAY magazine, available tomorrow. Subscribe here.

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

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

Oxford Properties Group tipped to vie for $3B+ retirement village operator Aveo

Oxford is part of the Canadian global pension investor OMERs, and has reportedly made an offer for the Brookfield-owned retirement village operator. Oxford is also behind the Indi Build to Rent brand in Melbourne and Sydney and has a 50% stake in...

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Ian Horswill

17 Feb 2025

Mergers & Acquisitions

Lendlease hands over $44M to ATO over sale of retirement village business but still disputes wrongdoing and $112M claim

The former No. 1 village operator, which has steadfastly stated it has acted within the law, disclosed in its HY25 financial report a payment to the Australian Tax Office (ATO) over the sale of 25% of its retirement living business to Dutch pension...

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Ian Horswill

24 Feb 2025

1 July ICT changes linked to aged care reforms now set to be staged

The Federal Government appears to have bowed to pressure around the timing of ICT changes for the new Aged Care Act, with the Department of Health and Aged Care (DoHAC) revealing that will upgrades to their Information and Communication Technologies (ICT) will now be staged until 2026.

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Always read the fine print: retirement village payments captured under new aged care liquidity ratios

A closer look at the legislation underpinning the Federal Government’s proposed minimum liquidity standards has revealed that aged care providers who also operate independent living units (ILUs) and retirement villages will have to retain 10% of ILU and retirement village refundable amounts under the changes.

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‘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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$160K out of pocket: Govt funding for aged care nurse wages falls short on leave entitlements and workers comp

Last week, a Department of Health and Aged Care webinar revealed that the Government will fund wage rises for 60,000 aged care nurses, awarded the increase by the Fair Work Commission (FWC) from 1 March 2025.

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Caroline Egan

11 hours ago