Rip up aged care, start over

Original article by Stephen Lunn
The Australian – Page: 1 & 4 : 23-Oct-20

Australia’s aged-care system is no longer ‘fit for purpose’ and requires a major overhaul, according to Peter Rozen QC. He is one of the counsel assisting the royal commission into the sector. Rozen and Peter Gray QC have made a 500-page submission to the inquiry which features 124 recommendation, including the introduction of mandatory staff ratios and a legally enforceable duty of care for aged-care providers. Rozen says that at least one in five nursing home residents have received substandard care, while it is estimated that about 50 are sexually abused each week.

CORPORATES
AUSTRALIA. ROYAL COMMISSION INTO AGED CARE QUALITY AND SAFETY

Aged-care operators feel sting of royal commission

Original article by Turi Condon
The Australian – Page: 17 & 27 : 18-Sep-18

Shares in aged-care operators plunged on 17 September, following the announcement by the federal government that it would hold a royal commission into the sector. Japara Healthcare, Estia Health and Regis Healthcare shed more than 17 per cent apiece. Leading Age Services Australia CEO Sean Rooney said he supports the royal commission, but denied suggestions that the sector has engaged in price gouging.

CORPORATES
JAPARA HEALTHCARE LIMITED – ASX JHC, REGIS HEALTHCARE LIMITED – ASX REG, ESTIA HEALTH LIMITED – ASX EHE, LEADING AGE SERVICES AUSTRALIA LIMITED, LEND LEASE GROUP LIMITED – ASX LLC, STOCKLAND – ASX SGP, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AVEO GROUP – ASX AOG

Regis Healthcare float finds favour

Original article by Nick Lenaghan, James Thomson, Jessica Gardner
The Australian Financial Review – Page: 15 & 20 : 8-Oct-14

Regis Healthcare listed on the Australian sharemarket on 7 October 2014. The aged care operator raised $A486 million in its IPO. The company was founded by Bryan Dorman and Ian Roberts in 1991. It has grown from two facilities to 45, and is now positioned for further growth. The stock was issued at $A3.65 and closed at $A4.02. Dorman and Roberts each kept a stake of 27.3 per cent, together worth $A658 million after the first day of trade

CORPORATES
REGIS HEALTHCARE LIMITED – ASX REG, STANDARD AND POOR’S ASX 200 INDEX, HEALTHSCOPE LIMITED – ASX HSO, VIRTUS HEALTH LIMITED – ASX VRT, JAPARA HEALTHCARE LIMITED – ASX JHC, MEDIBANK PRIVATE LIMITED, MACQUARIE CAPITAL PTY LTD, RETIREMENT CARE AUSTRALIA

Alarm over nursing home superbugs

Original article by Dan Harrison
The Sydney Morning Herald – Page: 11 : 21-Jul-14

The "Medical Journal of Australia" will on 21 July 2014 publish new research by a team at Monash University’s Centre for Medicine Use & Safety. It argues that an indiscriminate and excessive use of antibiotics in nursing homes is creating a problem of resistance to the drugs by "superbugs". The authors advocate improved guidelines for staff at residential aged-care facilities on the use of antibiotics. The study looks at 12 nursing homes and their providers, including doctors, nurses and pharmacists

CORPORATES
MONASH UNIVERSITY. CENTRE FOR MEDICINE USE AND SAFETY