News

Scott Morrison’s COVID-19 vaccine deal isn’t all it’s cracked up to be, according to the company which is supposed to be making it

Prime Minister Scott Morrison on Wednesday announced that Australia had signed a deal wtih pharmaceutical company AstraZeneca to produce a potential vaccine being developed by Oxford University. However, AstraZeneca has since confirmed that the deal is only a letter of intent with no formal agreement in place. The new information […]
Scott Morrison’s COVID-19 vaccine deal isn’t all it’s cracked up to be, according to the company which is supposed to be making it
Markets

Shares in aged care operators are getting crushed

Shares in aged care operators took a steep dive following the announcement of a royal commission into the industry. A short time ago, Japara was down 15.8% to $1.41, Regis 14% to $3.11, and Estia 15.6% to $2.49. Prime Minister Scott Morrison at the weekend announced a royal commission to […]
Shares in aged care operators are getting crushed
News

DIGITAL HEALTH BRIEFING: Digital innovation improves bottom line for anesthesiologists — Accenture completes AI platform pilot — Teladoc drops lawsuit against Texas

Welcome to Digital Health Briefing, a new morning email providing the latest news, data, and insight on how digital technology is disrupting the healthcare ecosystem, produced by BI Intelligence. Sign up and receive Digital Health Briefing free to your inbox. Have feedback? We’d like to hear from you. Write me […]
DIGITAL HEALTH BRIEFING: Digital innovation improves bottom line for anesthesiologists  —  Accenture completes AI platform pilot  —  Teladoc drops lawsuit against Texas
Markets

Retirement home operator Aveo now faces a class action from its aged residents

Australia’s largest retirement home operator, Aveo, faces a class action over alleged unfair and unconscionable contracts its gives to its ageing residents. Maurice Blackburn Lawyers announced it will take registrations from former residents of the Aveo chain. The announcement comes in the wake of a Victorian government inquiry into problems […]
Retirement home operator Aveo now faces a class action from its aged residents
Markets

Shares in retirement home group Japara are tanking

Shares in Japara Healthcare fell hard after Australia’s largest private aged care and retirement group posted a 2.2% drop in full year profit to $29.71 million. A short time ago, they were down almost 10% to $1.82. Total revenue from the company’s 43 centres and its 3,841 residents was up […]
Shares in retirement home group Japara are tanking
Markets

Estia Health shares are on a tear

Restructuring at aged care provider Estia Health is starting to have an impact. The company, with 68 aged care facilities in Australia, posted a 17% jump in profit to $19.8 million for the six month to December. Revenue was up 34% to $263.11 million. A short time ago, its shares […]
Estia Health shares are on a tear
Markets

Estia Health shares are getting hammered

Shares in aged care operator Estia Health fell hard after completing the institutional part of an equity raising to pay off debt. A short time ago, its shares were down more than 8% to $2.46. The company says it gathered $72 million from institutions at $2.10 a share. The retail […]
Estia Health shares are getting hammered
Markets

Healthcare stocks are on a tear

Shares in companies exposed to nursing homes for the aged surged higher on a brighter outlook for the healthcare sector. A short time ago, Japara Healthcare was up almost 11% to $2.19, Regis Healthcare almost 10% to $4.42 and Estia Health 7.5% to $2.72. The gains come after Macquarie delivered […]
Healthcare stocks are on a tear
Markets

Estia Health’s shares are getting hammered

Shares Estia Health fell hard as the aged care provider cut the outlook for its earnings. A short time, ago the shares were down 9% to $3.00. Shares in companies with exposure to Australia’s aged care sector have taken a hit since the federal government last month cracked down on […]
Estia Health’s shares are getting hammered
Markets

Estia Health shares are being hammered

Estia Health returned to profit in its latest full year result but the aged care operator missed its guidance. A short time ago, its shares were down almost 18% to $4.04. The statutory profit was $27.64 million, up from a loss of $22.5 million in 2015, on a 56.8% rise […]
Estia Health shares are being hammered