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Top The Weekly SOURCE News

Villages Health Company, Under Fire for Medicare Overpayments, Files for Chapter 11 Bankruptcy
Bankruptcy · The Villages

Villages Health Company, Under Fire for Medicare Overpayments, Files for Chapter 11 Bankruptcy

42% Center coverage: 19 sources
A major health care group that caters to The Villages retirement community has filed for Chapter 11 bankruptcy as it tries to sell to a major health group and deals with hundreds of millions of dollars in Medicare overpayments.See the Story
Rayner to back plan to build 180,000 social homes in next decade
Angela Rayner · United Kingdom

Rayner to back plan to build 180,000 social homes in next decade

44% Left coverage: 9 sources
See the Story
Embedded networks are today’s sales tool
Australia · Australia

Embedded networks are today’s sales tool

With power prices rising and buyer expectations higher than ever, 'embedded electrical networks' do not only streamline operations, they are the three words customers today are seeking. Prospecta Utilities says rolling out embedded networks is a smart, compliant and resident-first solution to today’s needs. Enter Sandstone: automation designed for over-50s communities Sandstone by Prospecta Utilities is Australia’s first fully integrated operati…Read Article

NSW Fair Trading to continue unannounced visits to retirement villages

NSW Fair Trading Principal Inspector Lynn Evans and Senior Inspector Joel Elliott told of their work in retirement villages at the latest DCM Institute Lunch & Learn webinar series last Wednesday. Joel said the unannounced visits would continue to ensure retirement village operators remain compliant and will follow up on complaints that fall within their jurisdiction. During a 2022 audit campaign, over 100 retirement villages were inspected, res…New South Wales · New South WalesRead Article

Innovative dementia care provider Group Homes Australia rebrands as Videri

The innovative dementia care operator known for their small household model is rebranding as Videri Australia. “Videri means ‘to be seen’,” said Chief Executive Officer Leah Gabolinscy. “Our approach goes beyond meeting basic needs; we take time to step into each person’s life story to explore what brings them purpose and meaning. Our homes are designed to be places of connection and belonging. Changing our name is about reaffirming our promise …Australia · AustraliaRead Article

Reside Communities on its expansion of Maleny Grove in QLD's Sunshine Coast

The Queensland retirement living operator, which has perfected multi-million dollar vertical living apartments, is expanding a village it bought from Live Life in March 2024 to surpass 1,000 homes. 66 architecturally designed villas and a new luxury clubhouse will be built at Maleny Grove in the Sunshine Coast Hinterland as CEO Glen Brown seeks a new level of comfort, connection, and amenity. At the centre of the plans is The Lodge – a vibrant n…Maleny · MalenyRead Article

Appointments: Brian Wong rejoins Westpac after six years at CommBank

Brian, who is a familiar face at DCM Group's LEADERS SUMMIT, has left his role as CommBank's National Director of Healthcare after six years' service. He has rejoined his former employer Westpac as Executive Manager - Health. He previously worked there for three years as Associate Director - Healthcare. "While I may be changing banks, my commitment to supporting the healthcare sector remains the same. In my new role, I’ll be working alongside o…Toowoomba · ToowoombaRead Article

Ingenia Communities and Adele Ferguson on VCAT's Lifestyle Communities DMF stay

In an update to the ASX, the business with a $2.11 billion market capitlisation, said it has "limited exposure" to contracts which include a Deferred Management Fee (DMF). Last week, VCAT President Justice Tim Woodward ruled the DMF contract issued to Lifestyle Communities was void because they were calculated in a way that benefitted the operator if home values increased but did not penalise it if values declined. Ingenia said the value of DMFs…Wollert · WollertRead Article

90% of 164-home Thyme Evans Head land lease resort in NSW's Northern Rivers sold

The continuing entry of new companies entering the over 50s land lease community sector is understandable if you take a look at this scenario. Thyme Lifestyle Resort Evans Head owner Serenitas held its "Final Open Day" on Saturday (12 June) and 50 people came through the gates to look at the 14 remaining homes for sale. A two-bedroom, two bathroom property with multi purpose room, two car garage, is priced from $808,000 at the over-50s lifestyle…Evans Head · Evans HeadRead Article

RAAFA WA buys fully occupied Alexandra Village in Perth's south

The Not For Profit provider of retirement living, in-home care and residential aged care has added the village's 35 over-55s, occupied two- and three-bedroom independent living homes to its portfolio. Alexandra Village, which was constructed in two stages, with stage 1 completed in 2009 and stage 2 completed in 2012, has been managed by Village Solutions Australia on behalf of its board. Built for ageing in place, the homes have no internal step…Western Australia · Western AustraliaRead Article

HT Retirement puts its land for new village in Rothwell, Moreton Bay, QLD for sale

The veteran village builder's business had successfully applied to City of Moreton Bay to construct 97 independent living units for retirees in a three-storey apartment complex on the disused Frawley's Tennis Club in Rothwell, 28km north of Brisbane’s CBD Now the 9,825msq parcel of land, with the approval, is for sale with Sam Biggins and Clem Stack of Knight Frank. Occupying a prominent and accessible position, there are no surrounding parcels …Rothwell, Queensland · RothwellRead Article

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