$800K per bed puts aged care grants under strain

$800K per bed puts aged care grants under strain

The cost of building an aged care bed in regional Australia has blown out to up to $800,000, raising doubts about the impact of the Government’s $300 million Aged Care Capital Assistance Program (ACCAP). The 10 largest grants together account for $200 million – averaging $20 million each – but that only delivers two to three dozen beds apiece. The remaining 56 grants average just $1.8 million, prompting concerns about how many new beds can reali…