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Japara Healthcare Announces 2015 ACAR Allocation Underpins Development Pipeline

21 Mar 2016  |  14:59:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 2015 ACAR allocation underpins development pipeline

Japara Healthcare reported the outcome of the Australian Government 2015 Aged Care Approvals Round (ACAR) that was announced by the Department of Social Services. The ACAR is an annual process enabling prospective and existing Approved Providers of residential aged care to apply for new government funded aged care places. The Company has been allocated 313 new residential aged care places under the 2015 process. Together with 472 allocations from the previous ACAR round and 204 non-operational licences already held, the Company holds 989 resident places to support its greenfield and brownfield development program.

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