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The Boards of QLD based RSL Care and Victorian based RDNS announced today they will merge, creating an operation valued at $1 billion with revenue of $500M.
Dedicated rental village operator Eureka has acquired three rental villages in Wynnum, Terranora and Rockhampton, taking them to 885 owned rental village units and 771 managed units. They also have seven additional rental village opportunities in the pipeline. They do not operate retirement villages.
No.3 retirement village operator in the NZ market, Summerset, has seen its sales in actual retirement village unit numbers jump by 47% this calendar year over last. In nine months they have sold 432 retirement village units with 243 of these being new retirement village stock.
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.
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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Our fortnightly newsletter brings you all the tips and tricks you need for a successful retirement, covering everything from finances and property, to health and happiness. Get prepared and sign up here.