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Freedom Care Group Battles Liquidity Crunch Amid Subsidiary Liquidations

9:54am on Thursday 29th of January, 2026 AEDT Healthcare
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Freedom Care Group Battles Liquidity Crunch Amid Subsidiary Liquidations

9:54am on Thursday 29th of January, 2026 AEDT
Key Points
  • Freedom Care Group and a 50% subsidiary placed into liquidation early 2025
  • Cash balance dropped to $0.4 million by March quarter end
  • Challenges persist in collecting outstanding receivables from the NDIA
  • Thrive Day Program sold for $280,000 to preserve value
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