Author: Editor

RetireAustralia expands its portfolio with Lane Cove purchase

Retirement village operator RetireAustralia plans to redevelop the former Caroline Chisholm Retirement Village in Sydney’s Lane Cove after purchasing it from PPB Advisory for just over $20 million. The 48-unit assisted living complex was placed in liquidation in September last year after low occupancy and unit sales, as previously reported by Inside Ageing. In an interview with the Australian Financial Review, PPB Advisory’s Phil Carter said Caroline Chisholm’s failure was not systemic but the result of lower occupancy and little to no stable income from deferred management fees.  “As a not-for-profit facility for semi-independent residents rather than a full-service...

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Expert urges NDIS providers to learn from the UK’s mistakes

An international expert in economics and social services has warned Australia to learn from the UK’s mistakes in its transition to the NDIS. In an interview with Pro Bono News, Dr Shereen Hussein from King’s College London, said attention needs to be given to implications on care service quality and integration with health and other social services. She also said consideration needs to be given to increased risks of worker stress and burnout in a market-based model. “There are workforce pitfalls that we are also struggling with in the UK. These relate to the concept of the viability of the market.” “That care is now a commodity and for the market to progress you want a competitive arena, and for consumers to be able to exercise authority in their choices.” “The geography and diversity of the Australian population call for careful considerations of potential challenges associated with the NDIS, such as thin markets, viability of services for people with multiple or complex needs, and availability of quality workers.” “If you are a person with complex needs you may not have enough markets to meet those needs. There are organisations that cannot provide for all of those needs simply because there are not enough consumers in that group. So then you would be left with no choice or a very expensive choice. So the market forces are quite weak.” Dr...

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Japara announces FY17 EBITDA of $60.2m but shares still drop

Japara Healthcare Limited has announced its results for the year ended 30 June 2017, achieving EBITDA of $60.2 million which Chief Executive Andrew Sudholz has described as a “solid result…in a sector currently experiencing on-going regulatory reform”. Its overall result is up 7.3 per cent on FY16, while revenue is up 10.7 per cent to $362.2 million (FY16: $327.3 million). Overall net profit after tax was down 2.3 per cent to $29.7 million (FY16: $30.4 million), which has been attributed to land purchases, refurbishments and brownfields developments. The company’s key operational metrics show: Operational places increased by 3.3 per cent...

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Health Dept Chief announced as new CEO of Calvary Health Care

Calvary Health Care has appointed Martin Bowles as National Chief Executive Officer, following the retirement of the current CEO Mark Doran at the end of the year. Martin Bowles will be leaving his role of Secretary of the Department of Health this week and joins Calvary with a wealth of experience gained during his almost 40 years as a senior public servant. Martin worked in both the Queensland and New South Wales Governments before moving to the Commonwealth, where for the last 11 years he was Deputy Secretary in the Departments of Defence and then Climate Change, and then...

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AlayaCare home care technology signs up national provider St Ives

St Ives Home Care and home care software provider AlayaCare have announced a new partnership, which sees the technology provider firmly securing a presence across Australia through St Ives’ national network. The partnership promises to enhance client experiences with real time service management, remote health solutions, rostering and scheduling optimisation, app connectivity, and will allow much greater transparency and visibility for participation by clients and their families through its portal capability. AlayaCare’s modular software offers clinical documentation, back office functionality, client and family portals, remote patient monitoring, telehealth and mobile care worker apps. The company’s vision is to improve...

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