Caring for Growth: Australia’s Largest Non-Profit Age care Operators

Written By Patrick Orr

While aged care as an industry will need higher levels of public funding, additional government subsidies must be contingent upon greater transparency and public accountability. The largest non-profit residential aged care operators, like their for-profit counterparts, suffer from a lack of accountability and appear to prioritise investment and growth over care.

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This CICTAR analysis of available public financial reports and government funding data on 9 large non-profit operators reveals a pattern of extracting revenue from government subsidised residential aged care to fund property investments.

 

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Toronto Star: Exclusive coverage of new CICTAR report on CPPIB failures
Toronto Star: Exclusive coverage of new CICTAR report on CPPIB failures

Coverage of CICTAR’s latest report on the failures of the Canadian Public Pension Investment board, CPPIB, in regard to their investments in the failing care company, ORPEA.

Australians forced to pay up to $3 million for aged care despite claims the sector is going broke
Australians forced to pay up to $3 million for aged care despite claims the sector is going broke

The Herald Sun looks at profit extraction from the care industry in Australia, with comments from CICTAR's Jason Ward

Jason Ward, CICTAR Principal Analyst, talks to ABC Adelaide Radio on problems in Age care
Jason Ward, CICTAR Principal Analyst, talks to ABC Adelaide Radio on problems in Age care
CICTAR presents at UNISON Cymru event, pushing for the removal of profit from the care sector and greater local authority ownership and control
CICTAR presents at UNISON Cymru event, pushing for the removal of profit from the care sector and greater local authority ownership and control

CICTAR presents at events organised by Unison Cymru/Wales calling for removal of profit from care sector

Huge profits and low taxes. Care home real estate business put in the spotlight by CICTAR
Huge profits and low taxes. Care home real estate business put in the spotlight by CICTAR

Huge profits and low taxes, the business model of care home real estate revealed

‘Get your money now’: consultants encourage aged care providers to exploit the system
‘Get your money now’: consultants encourage aged care providers to exploit the system
Why the market is failing to deliver decent care, Jason Ward in Social Europe
Why the market is failing to deliver decent care, Jason Ward in Social Europe
CICTAR‘s Jason Ward warns of ‘alarming lack of transparency’ in how churches spend government grants
CICTAR‘s Jason Ward warns of ‘alarming lack of transparency’ in how churches spend government grants
Australian aged care providers accused of ‘crying poor’ to lobby for government funding
Australian aged care providers accused of ‘crying poor’ to lobby for government funding
CICTAR’s work quoted in London Review of Books
CICTAR’s work quoted in London Review of Books
Guardian comment piece on financing care
Guardian comment piece on financing care
 

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