7 Oct 2016

Small rest homes can't turn a profit on government subsidy

From Business News, 12:20 pm on 7 October 2016

Many small rest home operators in cities and towns are going out of business or being gobbled up by larger players because they can't turn a profit. That's one of the findings of a Westpac Bank economic report on the state of the healthcare sector, which has found there will be a significant shortfall in rest home beds unless drastic action is taken.