Aged care operators said the budget measures would help stabilise the industry but the $17 billion package did not answer how much the government was willing to pay for better staff wages.
Shares in listed aged care players Japara Healthcare and Estia Health both gained on Tuesday, while Regis Healthcare was flat following the government’s $17.7 billion splash on the beleaguered sector in its 2021-22 budget.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
