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Aged care

December 2024

Kath and John in their home in Templestowe, Melbourne.

Seven ways to future-proof your savings in case of early retirement

The secret ingredients to a good retirement are preparation and control, but life can be unpredictable. Here’s how to build flexibility into your plan.

  • Michelle Bowes
Last year, Bain Capital snapped up Estia Health, one of few listed on the ASX, for $838 million. Estia has 73 homes across the country.

Bain Capital kicks off dividend recap at aged care biz Estia Health

Sources said the loans are being provided by infrastructure-focused investors including Keppel Infrastructure, Stonepeak and Pacific Equity Partners.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
National home care provider Five Good Friends co-founders Nathan Betteridge and Simon Lockyer.

TPG Capital to buy majority stake in founder-owned Five Good Friends

TPG is expected to join Five Good Friends’ register as the controlling owner alongside Nathan Betteridge and Simon Lockyer, who founded the business in 2016

  • Sarah Thompson, Kanika Sood and Emma Rapaport

November 2024

Sources said myHomecare had attracted a decent crowd of tyre kickers ranging from private equity investors and health insurers, to senior living operators and workplace solutions groups.

Private equity closes in on a 50pc stake in $2b-plus Opal HealthCare

Pacific Equity Partners has gained exclusivity over the holding, which was put up for sale in July by its owners including Singapore’s GK Goh Holdings.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

October 2024

One of the most crucial aspects of means-testing is the precise date you become a permanent resident.

Four financial tips and traps for people entering aged care

There is a little-known rule that can work in your favour if you find your means-test assessment is dragging on.

  • Louise Biti
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What the aged care reforms mean for wealthy families.

The five numbers that determine whether you’ll pay more for aged care

Well-off families will pay more under new rules for funding residential aged care. Here are five key numbers you need to know to navigate the additional expense.

  • Joanna Mather
Keeping people living in their own homes until the end is, at last, looking like a possibility.

Thankfully, living at home until the end looks possible for more Australians

Elderly people will get used to paying for the services they need rather than wondering what they are going to leave the next generation.

  • Bina Brown

September 2024

Pacific Equity Partners managing director Andrew Charlier.

PEP bankers up for aged care giant Opal HealthCare; lobs bid

Pacific Equity Partners’ secure assets team has put in a non-binding indicative offer for the $200 million-a-year business.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Aged Care Minister Anika Wells said pay rises would help retain staff.

Fee increase for retirees to cover extra $3.8b in aged care wages

The government will spend another $3.8 billion on aged care sector wages, taking the total cost of the pay increase to almost $18 billion. 

  • Phillip Coorey
Minister for Aged Care Anika Wells after announcing the changes at Parliament House this week.

Bipartisan, pragmatic, down to the wire: the deal that almost wasn’t

Panic set in this week as the government’s much-vaunted aged care reforms stalled. They were finally settled on a plane trip from Sydney to Canberra.

  • Phillip Coorey
Aged Care Minister Annika Wells and Prime Minister Anthony Albanese announce the long-awaited aged care deal this week.

A reform to face the test of an ageing Australia

It is encouraging that the two main parties have tackled such a fundamental challenge to the nation in a bipartisan way.

  • The AFR View
Treasurer Jim Chalmers and Aged Care Minister Anika Wells on Thursday.

Aged care concessions cost $5b in revenue

The Albanese government sacrificed about $5 billion in budget savings in return for securing the Coalition’s support for the aged care reforms.

  • Phillip Coorey
This week’s announcement acknowledges that the sector is once again on is knees.

It’s deja vu all over again when it comes to aged care and RBA reforms

This week’s agreement on aged care and the failure to agree on the RBA reprises arguments that took place decades ago.

  • Laura Tingle
Aged Care Minister Anika Wells during a press conference in Canberra on Thursday.

Finally, politicians reach a reform deal worthy of the title

Bipartisanship and reform, two rarities these days, have combined in the shape of the age care funding changes.

  • Phillip Coorey
The cost of residential aged care is rising.

All your questions about the aged care overhaul answered

The first thing to know is that how aged care is funded remains very complex. We’ll do our best to break it down.

  • Andrew Tillett
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Treasurer Jim Chalmers, Aged Care Minister Anika Wells and Prime Minister Anthony Albanese in Canberra on Thursday to announce a deal on aged care reform.

Aged care overhaul to push more cost onto self-funded retirees

A “user pays” overhaul of aged care funding will come into effect from July 1 next year, after agreement between the government and opposition.

  • Phillip Coorey
Peter Dutton sides with angry farmers outside Parliament on Tuesday

‘Best friend’ Dutton promises miners he’ll target IR, green tape

Peter Dutton will promise to be the best friend that the mining and resources sector in Australia will ever have.

  • Phillip Coorey
Peter Dutton is making the government sweat for its aged care reforms.

Labor questions Dutton’s goodwill as aged care impasse drags on

Frustrations within the federal government are starting to boil over after the Coalition again delayed finalising the agreement on reforms.

  • Phillip Coorey
Many older Australians remain in large homes until it becomes unmanageable and they must move to residential care.

Aged care deal a small step to fairer system for young workers

Expecting taxpayers to foot the bill for spiralling aged care costs, just to avoid politically difficult conversations about independent retirement, only exacerbates generational inequality.

  • Emilie Dye

August 2024

Health and Aged Care Minister Mark Butler.

Aged care deal delayed amid backbench anxiety

Peter Dutton wants the approval of his MPs before confirming support for the aged care deal negotiated with the government.

  • Phillip Coorey

Original URL: https://www.afr.com/topic/aged-care-5zx