At $280,000 per bed, the US private equity firm looks set to capitalise on the future demand for aged care beds with its successful bid for the ASX-listed operator. Its $3.20 a share bid will see Bain Capital pick up Estia Health’s 6,700 beds for $280,000 each – a great deal when the going price for a new aged care bed is $325,000.
As we reported here, the US firm launched a surprise bid for...