Mergers & Acquisitions

Over 6ha land lease community Palms Village owned by three families sells for about $24M to private individual

Originally developed as a caravan park during the seventies, Palms Village has been transformed into an over 50s land lease community of 226 sites housing around 300 residents. The Logan, Eastaway and Cahill families have continue the tradition...

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Ian Horswill

3 hours ago

Mergers & Acquisitions

Lendlease hands over $44M to ATO over sale of retirement village business but still disputes wrongdoing and $112M claim

The former No. 1 village operator, which has steadfastly stated it has acted within the law, disclosed in its HY25 financial report a payment to the Australian Tax Office (ATO) over the sale of 25% of its retirement living business to Dutch pension...

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Ian Horswill

24 Feb 2025

Mergers & Acquisitions

Community built and owned Lorne Village to be operated by Not For Profit Sirovilla

The idea for the retirement village in the seaside town, 138km southwest of Melbourne’s CBD, was born in 1973 when the Lorne Lions Club formed the Elderly People Homes Society. Six Lorne Lions members and six holiday homeowners including John...

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Ian Horswill

24 Feb 2025

Mergers & Acquisitions

Colliers buy control of Ethos Urban and will rebrand it

The award-winning national urban planning and design advisory firm has sold a controlling interest to the leading diversified professional services company operating in 68 countries. Colliers’ John Kelly, Chief Executive Officer | Asia Pacific...

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Ian Horswill

24 Feb 2025

Aged Care

Residents told to consider 2nd or 3rd preferences as Mercy Services’ Singleton aged care home set to close in March

Mercy Services has told the remaining residents of its Singleton aged care home, 200km north of Sydney, it is planning to close in only six weeks’ time.

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Caroline Egan

20 Feb 2025

Mergers & Acquisitions

Oxford Properties Group tipped to vie for $3B+ retirement village operator Aveo

Oxford is part of the Canadian global pension investor OMERs, and has reportedly made an offer for the Brookfield-owned retirement village operator. Oxford is also behind the Indi Build to Rent brand in Melbourne and Sydney and has a 50% stake in...

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Ian Horswill

17 Feb 2025

Mergers & Acquisitions

Colliers selling senior living site in master planned community near Canberra

Ian Sanders, Healthcare | Leadership Director, for the real estate agency, said there are three development sites available within the Googong estate in the Queanbeyan-Palerang region, 20 minutes drive from Canberra. • Lot A (1.2ha) – A prime...

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Ian Horswill

17 Feb 2025

Mergers & Acquisitions

Arcare Aged Care launches ‘My Extraordinary Mum’ ad campaign

Arcare Aged Care’s new advertising campaign, aimed at, attracting both new residents and staff, has been well received.

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Caroline Egan

13 Feb 2025

Mergers & Acquisitions

Medibank-owned Amplar Health Home Hospital to provide hotel accommodation for SA hospital patients needing aged care

The South Australian Government has announced it will accommodate 24 public hospital patients who no longer need acute care at the inner-city Adelaide Pullman Hotel while they wait for an aged care placement with services delivered by Medibank-owned...

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Caroline Egan

13 Feb 2025

Aged Care

Alarm bells ringing on care minutes and additional services: Ansell Strategic

The advisory firm is flagging a year of “opportunity and change” ahead for the aged care sector with an increase in transactions tempered by concerns about regulatory reforms.

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Lauren Broomham

13 Feb 2025

Opinion

1,250 net new aged care beds in 2024: why PEP’s billion-dollar Opal HealthCare deal is ‘rolled gold’

The private equity firm’s agreement to take a 50% stake in Australia’s largest private residential aged care operator is confirmation that the sector is again headed for boom time as demand increasingly exceeds supply. As we report this week...

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Lauren Broomham

13 Feb 2025

Mergers & Acquisitions

Final hurdle: Pacific Equity Partners to buy AMP Capital’s stake in Opal HealthCare

Australasia’s oldest and largest private equity firm has reached an agreement to buy AMP Capital’s “up to 50% stake” in Opal HealthCare, Australia’s largest private aged care operator, with 133 aged care homes across NSW, Victoria, QLD, WA, and SA.

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Caroline Egan

13 Feb 2025

Mergers & Acquisitions

VMCH purchases Andrew Philip’s final RCA retirement village

The Victorian Not For Profit finalised the acquisition of Point Cook Village in Melbourne’s western suburbs on Wednesday, 5 February. Point Cook Village was owned by RCA Villages, which has now sold all of its nine retirement villages with Bolton...

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Ian Horswill

06 Feb 2025