Think the snowball effect about to start as this extract below should get the markets attention:
- 17 additional RAC operators in trials or in negotiation, which manage 220 RAC facilities and 19,000 beds, representing approximately 9% of the total RAC market
Market Opportunity Summary:
Our primary focus, to date, has been in dementia care in the Residential Aged Care (RAC) market. In Australia, there are 950 RAC operators who manage a total of 2,700 RAC’s with 210,000 resident beds. There are 400,000 people living with dementia in Australia of which 115,000 are within Residential Aged Care(1).
Ann: Investor Update, page-3
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