Mergers & Acquisitions

Eureka Group to sell $25M-$30M of its over 55s rental communities

The first sale by the nation’s only pure-play provider of rental communities will be its village in Mount Gambier, the second most populated city in South Australia, 450km from the state capital Adelaide, for $5 million, slightly below the 30 June...

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Ian Horswill

06 Jan 2025

Mergers & Acquisitions

New owner for Kenilworth Gardens Retirement Village in Bowral, NSW

Situated on 4.8ha of Old English Gardens, the 40-year-old luxury village, which operates 67 independent living villas of large two-bedroom villas and one-bedroom units with 15 serviced apartments and one respite room, has been sold through Justin Hazell...

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Ian Horswill

16 Jan 2025

Mergers & Acquisitions

Estia Health buys seven homes from David Di Pilla’s Aurrum Aged Care

The two businesses have announced Bain Capital-owned Estia Health will buy Aurrum Aged Care’s three homes on the NSW Central Coast in Erina, Norah Head, and Wyoming and the four homes in Melbourne - Brunswick, Healesville, Plenty, and Reservoir -...

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Ian Horswill

10 Jan 2025

Mergers & Acquisitions

Why Ingenia Communities is winding up its five managed funds

CEO John Carfi said the decision to wind up its managed funds was consistent with the Ingenia’s intention to refine its portfolio and simplify operations. “The capital released will contribute toward further investment in our development...

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Ian Horswill

09 Jan 2025

Mergers & Acquisitions

Regis acquires BodeWell Community Care to double its home care business revenue to $30M a year

Managing Director and CEO Dr Linda Mellors acknowledged the opportunity the ageing population and the consumer preference to age in place behind its decision to buy the Knowles Group’s in-home services business, launched in 2007.

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Ian Horswill

08 Jan 2025

Mergers & Acquisitions

St Andrews Village Ballina adds second Byron Bay aged care home

The NSW Northern Rivers-based Not For Profit took on the 41-bed Byron Aged Care home in Byron Bay, 35km north of its base in Ballina, last month as it refocuses its strategic plan on retirement living and residential aged care.

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Lauren Broomham

06 Jan 2025

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...

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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.

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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.

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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

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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.

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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?

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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...

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Lauren Broomham

05 Dec 2024