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Top The Weekly SOURCE News

Annecto shutdown leaves aged care, disabled clients scrambling for alternatives
Australia Economy · Australia

Annecto shutdown leaves aged care, disabled clients scrambling for alternatives

78% Right coverage: 9 sources
See the Story
New Aged Care laws keep parents home longer - but will it ease the housing crisis?
Millennials · Canberra

New Aged Care laws keep parents home longer - but will it ease the housing crisis?

60% Left coverage: 5 sources
Increased pressure on Australia's sandwich Generation X and Millenial carers ...See the Story
State Budget 2025 full of “wrong priorities”, Roe MLA says
Economy · Western Australia

State Budget 2025 full of “wrong priorities”, Roe MLA says

100% Right coverage: 1 sources
The Member for Roe has slammed WA Treasurer Rita Saffioti’s State Budget, tabled on Thursday, as “city-focused” and a document full of “wrong priorities”.See the Story

How to make residential aged care viable: UARC

Residential aged care providers have seen improved operating results, but continued losses in everyday living and accommodation are eroding the sector's viability, according to the latest UTS Ageing Research Collaborative (UARC). UARC's 134-page Aged Care Sector Mid-Year Report 2024-25 states that in the six months to 31 December 2024, nearly half of all homes (48%) operated at a loss, an improvement from the 64% operating at a loss for the same…Australia · AustraliaRead Article

Australia's top 25 home care providers according to KPMG

Management consultants KPMG have released their eighth annual analysis of the Australian aged care market, including a ranking of Australia's top 25 home care providers. Topping the list, which is ranked by market share of Home Care Package revenue, this year is Australian Unity, which acquired last year's number one home care provider, my Homecare Group, in March 2024. For Profit self-managed home care provider HomeMade Support was the biggest …Australia · AustraliaRead Article

COVID-19 cases in residential aged care homes hit 12-month high as 34 die of virus

As winter conditions worsen, the number of aged care staff and residents who contracted COVID-19 in the last week increased 14% to more than 2,000, the highest level seen since last July. In the week to 19 June, 34 aged care residents died from COVID-19, taking the total toll for the pandemic to 7,424. Despite the recent increase in deaths, the 2025 COVID-19 fatality rate in residential aged care in 2025 is sitting at 1.4%, an improvement on the…Coronavirus · New South WalesRead Article

Two in five home care providers unprofitable as margins squeezed: UARC

The seventh report from the UTS Ageing Research Collaborative (UARC) has highlighted concerns about profitability in the home care sector just months out from the new Support at Home program. UARC's 134-page Aged Care Sector Mid-Year Report 2024-25, which has been restructured to prioritise home care given the shift towards care in the home, states 40% of home care operators were operating at a loss in the six months to 31 December 2024. On aver…Australia · AustraliaRead Article

Two Canberra home care providers exit the sector after Annecto's demise

Two long-standing ACT home care providers – Community Options ACT and Community Services #1 – have confirmed they will exit the aged care sector, joining Melbourne-based home care and disability services provider Annecto, which announced its departure earlier this month. They are the latest in a growing list of organisations, including many local councils, choosing to withdraw from home care services ahead of the introduction of the new Support …Canberra · CanberraRead Article

Knowles Group's Arcare set to open its largest aged care home after expansion

The private aged care operator is now accepting applications for its redeveloped Arcare Springwood facility, 20km southeast of the Brisbane CBD. The expanded home is set to open in November. The redevelopment adds 65 new beds to Arcare Springwood, bringing its total capacity to 175 – making it one of the largest of Arcare's 56 aged care homes. The upgraded facility will also house offices for Arcare's Queensland support team and training facilit…Queensland, Australia · QueenslandRead Article

Aged Care Quality and Safety Commission extend Quantium liquidity ratios contract

The national regulator has extended its contract with Sydney-based actuary and data analysis firm Quantium by another $100,000 for further work on the development of its controversial liquidity ratios. An Aged Care Quality and Safety Commission (ACQSC) spokesperson told The Weekly SOURCE, Quantium were selected "to support the financial analysis and actuarial modelling needed to develop liquidity measures as part of the new Financial and Prudent…Sydney, Australia · SydneyRead Article

Simon Owen to be CEO and Managing Director of Eureka Group Holdings from 1 July 2025

Simon, who led two small village operators to being listed on the ASX and took Ingenia Communities from an unloved basket case to a thriving $1.65 billion sector leader, joined the only pure-play, over-50s rental village accommodation provider as CEO on 2 September 2024. Eureka Group Holdings Chair Russell Banham announced to the ASX today Simon will hold the dual roles of CEO and Managing Director from 1 July 2025.  “We are delighted to appoin…Queensland, Australia · QueenslandRead Article

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