ONLY IN SATURDAY: Minimum number of beds required to be viable

Aged care accountants StewartBrown has long maintained the ‘sweet spot’ for the size of an aged care home is between 60 and 90 beds, usually over two to three storeys.

However, two of the main providers building new aged care homes: Opal HealthCare, which has 21 in development, and Signature Care, with five new facilities planned (pictured above, the start of an aged care plus 100 houses project in Dawesville, WA), are putting their money on a different model. 

Graeme Croft, Founder and Executive Director of Signature Care, reveals he has changed his thinking and it is working.

“We have a high level of occupancy – around 98.5% – with most 144 beds filling in six months after opening and huge demand for bigger single rooms and ensuites,” he told SATURDAY.

Read the full story in SATURDAY – click HERE.

An annual subscription costs just $275, less than a three-course meal with a half-decent bottle of wine.