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HOME – Health & Education
Health & Education
If Covid has taught us one big lesson, it is that our health system was under stress and that our private insurance and Medicare system was overwhelmed with the back log of surgeries.
The Australian education sector is facing a number of funding challenges, due to rising costs and government budget cuts.
In the retirement village sector the move to forced buy backs by a number of State Government’s has put pressure on regional operators with a number going into liquidation, other have moved from owner occupier to lease based facilities.
Australia is also one of the world leaders in education as an export with Australia being the number one preference for Chinese and Indian students looking to study abroad.
Key Challenges
- Recent developments in the healthcare industry include higher labour costs and shortages for employers, as unemployment continues falls. The demand for doctors now exceeds the supply through universities.
- General hospitals are the sector’s largest revenue driver, accounting for over half of Australia’s health services revenue. GPs, clinical specialists and dentists also represent significant revenue streams for the sector. Australia’s growing and ageing population has supported demand for health services over the past five years.
- Australia’s age profile is projected to continue rising over the next five years, strengthening demand for most health services. The re-indexation of Medicare debates for health services provided by general and specialist medical practitioners, specialist procedures and diagnostic imaging services will likely boost revenue growth in these segments.
- Private health insurance funds are anticipated to continue losing younger members due to rising premiums and a perception of poor value, limiting the expansion of private health services. Increasing organic demand for health services is projected to contribute to subdivision revenue rising at an annualised 2% over the five years through 2027-28, to $228.8 billion.
Our Experience
Olvera principals worked on the review of ABC Learning Centres both prior to its collapse and through its acquisition by Goodstart.
We have worked with and established a number of learning organisation including Registered Training Organisations and Future Women once of Australia’s leading women’s training academies.
General advice and debt advisory.
Key Insight
Case Studies
to review the corporate structure and provide recommendations for performance improvement to the working capital management. Olvera Advisors undertook:
- A comprehensive review which measured the business against industry drivers and success indicators
- Rating of the business profitability variables – which led to the identification of significant, and disproportionate, rent costs
- Preparation of business enhancement approaches in operational areas and rent review to improve cashflow
Continued monitoring over a period of 12 months and ongoing reporting to secured creditor regarding the financial performance of the centres.
By delivering swift and practical performance management solutions, we successfully assisted with the centre’s returns in line with industry averages. Centre profitability and business value improved significantly, and the bank was provided with a far more viable LVR. The increase in overall value resulted in the sale of one centre and reduced the business debt to a viable position.
OUR CLIENT
Childcare Operations
JOB TYPE
Strategy Execution
DATE
September 2021
Practitioner
Kate Barnet
Kate develops strategic solutions for groups dealing in crisis management and/or distress investment. She has over 30 years of experience working with distressed companies in the financial assessment, recoverability, and sustainability of risk assets.
MEET OUR TEAM
Olvera Advisors
PRINCIPAL
Kate Barnet is a recognised leader in the insolvency and reconstruction industry.
PRINCIPAL
PRINCIPAL
Mirzan has in excess of 13 years of experience across restructuring and turnaround, corporate finance, mergers and acquisitions and corporate banking in Australia and in Singapore
PRINCIPAL
Michael offers Olvera Advisors over two decades of international restructuring expertise, adept at innovatively supporting diverse businesses, from small firms to listed companies.
PRINCIPAL
Tony contributes 15 years of insolvency experience to Olvera Advisors, with diverse industry expertise and a unique background in ASIC’s Enforcement Division.
PRINCIPAL
Neil Cussen, a leading authority in insolvency and reconstruction, offers 35 years of experience, excelling in asset tracing, business recovery, and cross-border insolvencies.
PRINCIPAL
Robyn’s inclusion in the Olvera team brings an added 15 years of expertise in corporate reconstruction, insolvency, and forensics.
