Mergers & Acquisitions

Levande secures $1.5B sustainability linked loan for “future developments”

The leading retirement operator, which is owned by EQT Infrastructure, says it has successfully extended and upsized its loan facilities, securing an AUS$1.5 billion Sustainability-Linked Loan (SLL). It states the financing aligns with Levande’s...

Click here

Ian Horswill

17 Dec 2024

Funding

Bain Capital-owned Estia Health reportedly secures $300M finance line

Estia Health has secured $300 million in financing from Japanese Bank Nomura, according to The Australian Financial Review’s Street Talk column.

Click here

Caroline Egan

11 Dec 2024

Mergers & Acquisitions

Sale price for Kiama Council’s Blue Haven Bonaira aged care home slashed by $6M

Perth-based aged care provider Hall & Prior will pay $89 million for the Council-built 134-bed aged care home in Kiama, south of Sydney, down from the $95 million original price tag, after additional building defects were identified.

Click here

Caroline Egan

11 Dec 2024

Mergers & Acquisitions

With its closest aged care home 1,200km away, St Vincent’s Care Services sells Townsville facility to Ozcare

Ozcare was established as part of the St Vincent de Paul Society Queensland in 1996 and nearly 30 years later has more than 50 locations throughout Queensland including 18 aged care homes, with several in and around Townsville

Click here

Caroline Egan

11 Dec 2024

Mergers & Acquisitions

Regis Aged Care and Estia Health complete acquisitions

This week, two acquisitions by Regis Aged Care and Estia Health were completed.

Click here

Caroline Egan

05 Dec 2024

Mergers & Acquisitions

Why we chose Mable as the cover for the final issue of SATURDAY for 2024

Tony Charara and Peter Scutt, the co-founders of the aged care and disability support worker platform, lead Part 1 of our special Innovators issue of SATURDAY – why?

Click here

Lauren Broomham

05 Dec 2024

Mergers & Acquisitions

New competition law reforms to impact M&A in aged care sector

32 new Bills were passed by Parliament on its last sitting day (Thursday 28 November). Given the focus on the new Aged Care Act, the aged care sector could be forgiven for missing significant competition law reforms which are likely to impact a very...

Click here

Lauren Broomham

05 Dec 2024

Mergers & Acquisitions

Would Bain Capital sell Estia Health only a year after acquisition? The Australian says so

Estia Health’s cashflow and internal rate of return have reportedly already met the targets of their December 2023 Bain Capital acquisition, and the US-based purchaser, who spent $838 million, is considering selling out, according The Australian...

Click here

Caroline Egan

05 Dec 2024

Mergers & Acquisitions

Ingenia still a developer as it buys two greenfield sites for almost $30M

Seven days after publicly stating Ingenia Communities is pivoting from being an asset aggregator to an asset developer and operator, it bought two development-approved large greenfield sites in Queensland. Its Ingenia Lifestyles over 50s land lease...

Click here

Ian Horswill

02 Dec 2024

Mergers & Acquisitions

AVID Property’s owner offers $374M for AVJennings

American real estate giant Proprium Capital Partners wants to add one of Australia’s best-known property development and construction companies to AVID Property. AVID bought all eight of the Puljich family’s Living Gems land lease sites at the...

Click here

Ian Horswill

02 Dec 2024

Mergers & Acquisitions

Shalain Singh returns to the seniors sector with $585M healthcare hub transaction

The senior adviser has established his own healthcare and real estate firm – Arrow Advisory Group – focused on primary care, medical centres, retirement living, residential aged care and hospitals – and has just completed a major deal...

Click here

Lauren Broomham

28 Nov 2024

Mergers & Acquisitions

Foreign Investment Review Board clears Stockland’s purchase of Lendlease’s masterplanned communities with nine land lease sites

The Lendlease deal, according to Stockland CEO - Development, Andrew Whitson, includes up to nine future land lease communities totalling 2,500 home sites. The purchase was announced in December 2023 when Lendlease told the ASX that it had entered...

Click here

Ian Horswill

18 Nov 2024

Mergers & Acquisitions

HTL Property says Hometown Australia’s Macquarie Shores purchase largest land lease community sale of 2024

The fully occupied 214-home Macquarie Shores Home Village over 50s land lease community, which also has one vacant, development-ready site, was only offered to targeted suitors in an off-market sale. “Macquarie Shores Home Village ultimately sold...

Click here

Ian Horswill

18 Nov 2024