Mergers & Acquisitions

‘Affordable’ Aspen Group adds to portfolio with second WA land buy in six weeks

The ASX-listed affordable housing group announced last Wednesday it has entered a conditional contract to buy a new 18ha accommodation complex in Australind, a town 12km northeast of Bunbury’s CBD. Aspen Group, which serves the 40% of Australian...

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Ian Horswill

2 hours ago

Mergers & Acquisitions

AVID Property’s American owner buys AVJennings for $369 million

Real estate giant Proprium Capital Partners and its local development arm, which operates the land lease communities brand Vantage, has bought the business founded by Albert Victor Jennings in Melbourne in 1932. AVJennings was vulnerable, as it had...

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Ian Horswill

2 hours ago

Mergers & Acquisitions

Hall & Prior finally takes ownership of troubled Kiama Council aged care home

Family owned Hall & Prior took over ownerships of Blue Haven Bonaira Residential Aged Care Home on 1 April 2025, with CEO Hall & Prior Graeme Prior announcing improvements to ILU bathrooms and the historic on-cite cafe Barroul House.

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Caroline Egan

03 Apr 2025

Mergers & Acquisitions

Bids for Brookfield’s retirement village operator Aveo are in

The Canadian multinational investment firm with over US$1 trillion of assets under management placed its retirement village owner/operator up for sale in June last year Bids for Aveo closed on Friday last week, The Australian reported. With a $3...

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Ian Horswill

31 Mar 2025

Mergers & Acquisitions

IPLiving about to acquire fourth retirement village, LEADERS SUMMIT hears

Mark Fay, CEO of the new purpose-led retirement living business IPLiving, told LEADERS SUMMIT it would look to buy retirement villages outside of Victoria after stating it was about to buy its fourth in the state. “We have three existing villages...

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Ian Horswill

31 Mar 2025

Mergers & Acquisitions

Aveo decides to keep its two Tasmanian retirement villages as part of sale

In April 2024, the Brookfield-owned retirement village operator announced it was selling its 15 retirement villages in South Australia and its two villages in Tasmania to become an East Coast operator. In August last year, Aveo announced it had sold...

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Ian Horswill

24 Mar 2025

Mergers & Acquisitions

BaptistCare acquire two Sydney retirement villages and last residential facility owned by Presbyterian Aged Care

The Not For Profit has announced this afternoon (Monday 24 March) has acquired Presbyterian Aged Care’s eight-unit Iona Village and the 66-bed Minnamurra aged care home in Drummoyne, 6km west of Sydney’s CBD, and the 25-unit Pitt Wood Village in Ashfield, 8km west of the CBD.

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Ian Horswill

24 Mar 2025

Mergers & Acquisitions

Estia Health buys two of Mark and Evette Moran’s three aged care homes

Bain-capital owned Estia Health is continuing its acquisition campaign with the announcement it is purchasing two aged care homes from Mark Moran Group, homes at Little Bay and Warrawee in Sydney, NSW.

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Caroline Egan

20 Mar 2025

Mergers & Acquisitions

Respect makes first foray into WA aged care operations

After over 40 years of ownership, Amana Living is set to hand over its aged care home, retirement village and home care services in the regional town, around 593km west of Perth, to the rural and regional specialist – marking the acquisition of Respect’s 28th aged care facility.

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Lauren Broomham

20 Mar 2025

Mergers & Acquisitions

Seabrook Lifestyle Estate’s approved 216-home land lease community in Tasmania’s northwest for sale for over 18 months

The 11.6ha site off the Bass Highway in the rural locality Doctors Rocks on Tasmania’s northwest coast was to be Tony Parker’s first venture in over 55s living after Waratah-Wynyard Council approved the development application in April 2023. The...

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Ian Horswill

17 Mar 2025

Mergers & Acquisitions

Hall & Prior announces date for takeover of beleaguered Blue Haven Bonaira aged care home

The WA-based family-owned aged care operator has revealed the majority of Bonaira staff have accepted offers of employment, with regulatory approval from the Department of Health and Aged Care for the transfer of operations expected in “the next week or two”.

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Caroline Egan

13 Mar 2025

Mergers & Acquisitions

The four reasons for the BaptistCare merger: CEO Charles Moore

The Weekly SOURCE reported BaptistCare (NSW, ACT, WA), Baptcare (VIC, SA, TAS), and Baptist Care SA would merge last November, just shy of 18 months after BaptistCare NSW/ACT and Baptistcare WA announced their consolidation. Charles Moore, who has...

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Caroline Egan

13 Mar 2025

Mergers & Acquisitions

Central Coast Legacy puts Legacy Retirement Village, Gosford for sale

The retirement village has been on the 11,000sqm site since the 1960s providing a rental home for widows and families of war veterans. Despite additions made in the 1970s, the site is no longer fit for purpose. An initial plan to redevelop the units...

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Ian Horswill

10 Mar 2025