Two major independent not-for-profit aged care providers have this morning announced plans to merge into what will become one of the largest aged care not-for-profits in Australia, with an asset base of $1 billion.
Merger, amalgamation and partnership activity is at unprecedented levels in aged care, as the not-for-profit sector faces profound challenges. Now there are stark predictions that within the next decade not-for-profits will make up just a third of the sector.
Single facility operators tend to get a better overall financial result than providers that own multiple sites, while two beds per room isn’t necessarily a hindrance to financial performance, ACFA report finds.
Leading Age Services Australia has intensified its push for a merger with mission-based peak Aged and Community Services Australia, with chair Dr Graeme Blackman telling a state conference the lack of a unified provider peak was “harming” industry advocacy.
A whopping 40 per cent of boards of not-for-profit aged care organisations have discussed a merger with another organisation in the past 12 months, and half of them believe it will happen, a new survey of company directors has found.
Victorian-based providers Catholic Homes and Villa Maria are set to merge, in a move that will see the combined not-for-profit organisation providing services to some 6,200 people across Victoria and northern NSW.
A year in review, Merry Christmas wishes and a big thank you for your support throughout 2012…from the AAA team.
With all the negotiations and arrangements in place, it’s now up to RVA members to agree to wind up the ten year old national body and merge with the Property Council of Australia.
It’s important that not-for-profits retain their independence from for-profit aged care providers, according to ACSA’s new CEO, John Kelly, who spoke at the ACS NSW & ACT State Conference earlier today.
A panel of four aged and community care experts have discussed whether or not ‘not for-profit’ and ‘for-profit’ organisations, today, are really that different.
It may be that reports of the death of the ACSA-ACAA national merger have been greatly exaggerated as Victorian State members vow to maintain the campaign.
Despite years of discussion, costly reports, a green light from both boards and the development of a draft constitution, the plan to merge the not-for-profit and for-profit peak industry associations is in tatters.
ACSA members now have a new president and a reinvigorated committment that the body will follow through with plans to merge with ACAA at a national level.
The state aged care associations that make up the ACSA Federation were going to vote at their AGM next week on a proposed merger with ACAA, to form a single peak body. Now the vote has been put off.