Aussie aged care sector ready for more consolidation – Ryman boss
The Australian government has shifted towards a user-pays model for the aged care system that should benefit Ryman, which dual-listed on the ASX yesterday.
Ryman Healthcare’s boss believes aged care funding changes across the Tasman will lead to further consolidation in the sector, although the company is unlikely to jump into acquisitions anytime soon.
Under the new Aged Care Act in Australia, which comes into effect from November 1, providers of