Topic - Developments

NZ’s village and care operator Oceania raises $200M in IPO at low end price

Apr 18 2017 Updated May 3, 2023

The Weekly Source

1 min read

Macquarie Bank had a price between $0.75 and $1.04 in mind for its IPO sale of 41.5% of Oceania Healthcare, NZ’s third largest aged care provider and sixth-largest village operator.

After the roadshows they have settled on $0.79, claiming they have been oversubscribed. This values the company at $482M. The company expects to make a $53M at profit after tax in 2018.

BaptistCare, Baptcare and Baptist Care SA set to become Australia’s third-largest, integrated care and services provider

Almost 18 months after BaptistCare NSW/ACT and Baptistcare WA merged, the Boards and executives of BaptistCare (NSW, ACT, WA), Baptcare (VIC, SA, TAS), and Baptist Care SA today announced they will merge to form a billion-dollar aged care and...

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Lauren Broomham

14 Nov 2024

Government Policy

Coalition Senators make 32 recommendations on the Aged Care Bill 2024

After seeking a four-day extension, the Senate Inquiry Report was published on Monday, with the Senate Committee recommending the Aged Care Bill 2024 be passed without amendment.

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Caroline Egan

07 Nov 2024

Opinion

Is David Di Pilla making a land lease wrap up move on Lifestyle Communities and Ingenia?

Last Thursday David Di Pilla’s HMC Capital notified the ASX it had acquired 2.69% of Lifestyle Communities. It looks like they may also have access to another 4.6%, a total of 7.3%, whilst also owning around 8% of Ingenia. What is his strategy? Di...

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Chris Baynes

05 Nov 2024

Out of the Ordinary

Anglicare scraps DMF for LDK’s Village Membership model at Woolooware Shores with early success

The Deferred Management Fee (DMF) has been replaced at the For Purpose Not For Profit’s Woolooware Shores retirement village in Taren Point, 18km south of Sydney’s CBD. Jodie Pennings, Head of Sales, Retirement Living, at Anglicare, contacted us...

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Ian Horswill

04 Nov 2024

St Vincent’s Health Australia still determining what data taken by hacker

“We are managing some important network disruptions as part of our remediation works,“ St Vincent’s Health Australia said in its latest statement

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Ian Horswill

10 Jan 2024

The Daily RESOURCE

Aged care homes on Sydney’s Northern Beaches directed to ban visitors after NSW records five new COVID-19 cases – one an aged care worker

NSW has recorded a further five COVID-19 cases overnight after a 45-year-old man was the first confirmed case of community transmission in more than two weeks on Wednesday. NSW Health has confirmed two Northern Beaches residents returned positive...

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The Weekly Source

17 Dec 2020

The Daily RESOURCE

Aged care regulator notches up record 5,500 assessments in September quarter – but most contacts carried out remotely

You can check out the report here

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The Weekly Source

17 Dec 2020

The Daily RESOURCE

Aged Care Minister pledges to release reports into COVID outbreaks at St Basil’s and Heritage Care’s Epping Gardens before Christmas – confirms he wants to stay in portfolio

As we reported here last week, Labor has been pushing the Government to release the independent reports which were completed in November and were due to be released on 30 November (three weeks ago). St. Basil’s Home for the Aged in Fawkner and...

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The Weekly Source

17 Dec 2020