Complacency in the aged care sector

Livewire Exclusive

Livewire Markets

“One strongly performing part of our little market, where we’ve all milked great returns and complacency has set in is the aged care sector,” said Ben Griffiths, Portfolio Manager at Eley Griffiths Group, at the recent Livewire Live forum in Sydney. “It’s not a deep slumber, but certainly some complacency has set in.” He says that they’ve completely sold out of aged care operators like Estia Health, Regis Healthcare, and Japara Healthcare. He expects the Federal Government to cap or reduce funding for the sector, which is bad news for the operators. “We’ve fallen out of love with [the sector] and have done something about it.” In the video below he outlines a range of reasons for exiting the sector. Watch the full panel session from Livewire Live here: (VIEW LINK)


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