Only in SATURDAY: “Damned if you do, damned if you don’t”, so build $75M-plus RACs
Pre-COVID, aged care providers could build a new bed for $250,000. Today, the cost is closer to $500,000 in regional Australia with cheaper land, and $600,000 in capital cities. However, revenue has only increased marginally and profit per bed...
Pre-COVID, aged care providers could build a new bed for $250,000. Today, the cost is closer to $500,000 in regional Australia with cheaper land, and $600,000 in capital cities. However, revenue has only increased marginally and profit per bed ranges from negative to less than 10%, even for the most efficient operators. On paper, it’s a mugs game. So, where to from here? Carrington Care Chief Executive Raad Richards in an exclusive interview on the cover. Find out in SATURDAY, our premium digital magazine. Subscribe here for only $275 for 12 months.
