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Grant Thornton Australia
FEDERAL BUDGET 2017-18 Aged care budget squeeze means efficiency is king
Changes to the Aged Care Funding Instrument (ACFI) announced in this year’s federal budget will have the biggest impact on the sector’s revenue, with $1.2 billion slashed from the available funding pool. Of most concern is that it appears this is part of an ongoing trend by the Government to reign in aged care spending.
16 May 2017
Grant Thornton Australia
2016-17 Federal Budget What will the future look like for aged care providers post-budget?
Recent budget announcements will see residential care providers struggle to remain viable. While there was some good news with the announcement of 1,286 new places and increased viability supplements for rural and remote providers, this will mean little to the large number of providers already operating on slender margins.
09 May 2016
Growing with Age: Dealtracker for the Aged Care Sector
Insights report Growing with Age: Dealtracker for the Aged Care Sector
In this Dealtracker publication for the Aged Care industry titled “Growing with Age”, we have reviewed Mergers and Acquisition (M&A) and Initial Public Offering (IPO) activity in the Aged Care sector between 1 January 2008 and 31 March 2015. Despite generally subdued M&A market conditions during this period, there have been a number of large Aged Care M&A transactions, as well as the successful listings of two major operators on the Australian Securities Exchange (“ASX”).
14 Apr 2015
National overview of the retirement village sector
Insights report National overview of the retirement village sector
Thee dramatic increase in the number of Australians turning 65 over the next 20 years is now an established demographic fact. Treasury projects a doubling of the seniors’ population by 2050, with an economically signicant reduction in the ratio of taxpayers to retirees.
14 Oct 2014
The effect of the Victorian Aged Care Rule on the retirement village sector
Insights report The effect of the Victorian Aged Care Rule on the retirement village sector
The dramatic increase in the number of Australians turning 65 over the next 20 years is an established demographic fact. Indeed, the Commonwealth Treasury projects a doubling of the senior’s population by 2050, with an economically significant reduction in the ratio of taxpayers to retirees.
07 Oct 2014
Grant Thornton Australia
Navigating the next wave of change in in-home care Navigating the next wave of change in in-home care
Leaders across the aged care sector are recognising that traditional delivery models are no longer adequate to secure future funding and customers.
31 Jan 2014