Honourable Intentions? Analysing the interests of private equity in the aged care sector

Publisher:
Australian and New Zealand Third Sector Research Limited
Publication Type:
Journal Article
Citation:
Third Sector Review, 2010, 16 (3), pp. 63 - 82
Issue Date:
2010-01
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The Australian aged care industry was once dominated by non-profit organisations but recently ownership has changed significantly with the entry of for profit and in particular private equity investment vehicles. This paper provides an overview of the main players and the effects of private equity on the Australian aged care sector. The analysis is framed within the literature which examines the relationship between ownership type and the quality of community services. It also presents a series of case studies which suggest that a change of ownership from non-profit to private equity may have significant consequences for the quality of service provision.
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