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Who is the biggest aged care provider in Australia? An analysis of market leaders

2 min read

According to the KPMG aged care market analysis for FY24, Opal HealthCare is the largest residential aged care operator in Australia based on operational places. However, determining who is the biggest aged care provider in Australia depends on whether you are measuring by residential care, home care, or considering revenue and not-for-profit status.

Quick Summary

The biggest aged care provider in Australia is not a single entity and varies by sector. Opal HealthCare leads residential care, while Australian Unity is the top home care provider.

Key Points

  • Residential Leader: Opal HealthCare is the biggest residential aged care provider based on operational places and 2025 revenue.

  • Home Care Leader: Australian Unity leads the Home Care Package market following a major acquisition in 2024.

  • Largest Not-for-Profit: Bolton Clarke is recognised as the largest independent, not-for-profit provider, offering a wide range of services.

  • Market Consolidation: The aged care market is consolidating, with larger providers expanding through acquisitions and mergers.

  • Defining 'Biggest': The largest provider depends on whether residential care, home care, or overall market share is being considered.

  • Government Programs: Future market dynamics will be shaped by reforms like the new 'Support at Home' program, replacing existing home care packages.

In This Article

The question, "Who is the biggest aged care provider in Australia?" is more complex than it first appears, as the answer depends on the specific service and measurement criteria. While media reports and industry analysis often focus on the largest players, the aged care sector is diverse, with major providers specialising in different areas, such as residential care or in-home support. An understanding of the market requires distinguishing between these services and considering factors like ownership structure.

The Residential Aged Care Market Leader

For residential aged care, which involves care homes and facilities, the market leader is determined by metrics such as the number of available operational places and revenue. Opal HealthCare is identified as the largest operator in this segment based on operational places and 2025 revenue. The company has grown through acquisitions and consolidation.

The Home Care Sector's Largest Provider

In the home care market, market share is often based on the volume of Home Care Packages. A significant acquisition in March 2024 impacted this sector.

  • Australian Unity: Following the acquisition of MyHomecare Group, Australian Unity is positioned as the largest provider of Home Care Packages, according to KPMG's analysis for FY24.
  • Future Changes: A new government program, the Support at Home program, is scheduled to start on November 1, 2025, and will replace the current Home Care Packages system.

Top Not-For-Profit Aged Care Providers

Not-for-profit (NFP) providers constitute a significant part of the Australian aged care sector, operating a substantial portion of services.

Bolton Clarke is known as Australia's largest independent NFP aged care provider. Their offerings include home support, retirement living, and residential aged care. Bolton Clarke has expanded through mergers and acquisitions. Other major NFP providers include Uniting, St Vincent's Health Australia, and Calvary.

Comparing the Leading Aged Care Providers

To clarify the differences, this table compares three key players across the different segments of Australia's aged care market.

Feature Opal HealthCare Australian Unity Bolton Clarke
Sector Focus Residential Aged Care Home Care Packages Residential, Home Care, Retirement Living
Ownership For-Profit For-Profit Not-for-Profit
Key Metric Operational places, Revenue Home Care Package market share Independent NFP size, Diversification
Positioning Largest residential operator Largest home care package provider Largest independent not-for-profit provider
Growth Method Acquisitions and new developments Strategic acquisitions (e.g., MyHomecare) Mergers and acquisitions (e.g., Allity)

Conclusion

Identifying the single biggest aged care provider in Australia depends on the specific criteria used. Opal HealthCare is the largest by residential care places, Australian Unity leads in home care package provision, and Bolton Clarke is the largest independent not-for-profit provider. The market is undergoing consolidation and future changes are anticipated with new government programs. For more detailed information, consult the {Link: KPMG Aged Care Market Analysis 2025 https://kpmg.com/au/en/insights/industry/aged-care-market-analysis.html}.

Frequently Asked Questions

Opal HealthCare is the largest residential aged care operator in Australia based on operational places and revenue for FY24 and 2025, respectively.

Australian Unity is the largest provider of Home Care Packages, a position solidified by its acquisition of the MyHomecare Group in March 2024.

Bolton Clarke is Australia's largest independent, not-for-profit aged care provider. It offers a comprehensive range of services, including residential care, home support, and retirement living.

Not-for-profit organisations continue to hold a significant market share in both home care and residential aged care in Australia.

The 'biggest' can be determined by several metrics depending on the context, such as revenue, market share in a specific service (e.g., residential vs. home care), or the number of operational places in facilities.

The Australian aged care market is experiencing ongoing consolidation, where large providers are acquiring smaller ones. This trend is prominent in both the residential and home care sectors.

The 'Support at Home' program is a major aged care reform starting November 1, 2025, that will replace the Home Care Packages and Short-Term Restorative Care programs. It aims to streamline in-home care with a single system.

References

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Medical Disclaimer

This content is for informational purposes only and should not replace professional medical advice. Always consult a qualified healthcare provider regarding personal health decisions.