Villages Info Centre

Launched in February 2013 (just 32 months ago), Telstra Health has acquired a substantial suite of software and service providors which are now being taken up by leading residential aged care operators and home and community providors. This will be a game changer for retirement village operators providing care support to residents.

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The parent company behind St Ives retirement villages and home care operations, the RAC (Royal Automobile Club of WA) has recommitted to villages in Perth and aggressive expansion of its home care business across the country.

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Michael Eggington’s growth aspirations for Lend Lease retirement villages have always been limited by the competitive access to funds within the corporation. Projects that can earn more money faster in residential development or infrastructure have won support ahead of retirement villages.

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Historically retirement village owners have not had to be too concerned about work-related stress with their limited staff. This is rapidly changing as the profile of retirement village residents narrows to the seriously elderly, thanks to increased government emphasis on ‘staying in the family home’ to receive care.

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The full impact of Australian Unity’s successful $114 million tender to acquire the 50,000 home care clients and 4,000 employees from the NSW government is just dawning on the aged care sector. The deal delivers AU 70% of the NSW home care market and an unrivalled national home care and aged care beachhead.

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