Topic - Editorial

The Weekly Source | Tony Randello

May 10 2022 Updated May 3, 2023

Section Editor

1 min read

Aveo CEO Tony Randello talks to DCM Group Editor Lauren Broomham about their CAPEX program and how the retirement village operator is upgrading and refurbishing its portfolio for the future.

Estia Health buys two of Mark and Evette Moran’s three aged care homes

Bain-capital owned Estia Health is continuing its acquisition campaign with the announcement it is purchasing two aged care homes from Mark Moran Group, homes at Little Bay and Warrawee in Sydney, NSW.

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Caroline Egan

20 Mar 2025

Government Policy

Retirement Living Council demands Aged Care Act be delayed

Its Executive Director Daniel Gannon has listed six reasons why the Albanese Government should delay the 1 July introduction of the new Aged Care Act.

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Ian Horswill

24 Mar 2025

Government Policy

Budget 2025: what it means for aged care providers

The Federal Budget announced by Treasurer Jim Chalmers on Tuesday night has built upon the reforms already taking place, but failed to allocate any money or end the uncertainty providers are facing with the implementation of the new Support at Home...

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Ian Horswill

26 Mar 2025

Aged Care

Aged care peak bodies react to the 2025 Federal Budget

A missed opportunity describes how the ageing sector feels about last night’s Budget announcement. Jason Kara, the CEO of Catholic Health Australia (CHA), said despite the significant investments in aged care over the past 18 months, CHA has warned...

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Ian Horswill

26 Mar 2025

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.

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Lauren Broomham

11 hours ago

Aged Care

Exclusive: residential aged care set to return to the red without funding reform, forecasts StewartBrown

Residential aged care is continuing to see an uplift in its financial performance thanks to an increase in AN-ACC funding to meet care minute targets, but this boost is set to decline within 12 months – reducing operator margins – according to the aged care accountants.

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Lauren Broomham

11 hours ago

Government Policy

A local government recognising the need for seniors housing

Perth’s largest local government area has 20% of its population over the age of 55. By 2036, the region will need 918 extra aged care beds and 1,300 more retirement village units, the City of Swan states. It decided to act and in 2024 sold Elvire...

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Catholic Health Australia want aged care at forefront of election campaign again

Tom Symondson, Ageing Australia Chief Executive Officer, said three weeks ago the timelime for implementing Support at Home was “bordering on impossible” and said after the Federal Budget on Tuesday the $10,000 per provider for critical upgrades to...

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Ian Horswill

28 Mar 2025