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)

2 topics

Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.