The biggest home care provider in Australia, with more than 20,000 clients in NSW, VIC, QLD, and WA, is reportedly set to be offered for sale again through corporate advisory firm Gresham Partners.
The Financial Review is reporting myHomecare’s other shareholders Royal Automobile Club of Western Australia (RAC WA) and the Mann family were also expected to sell their holdings in the business, based in Tuggerah on the NSW Central Coast.
The paper said the owners are looking for close to $400 million and will launch it to prospective buyers as early as September.
Gresham was appointed by Quadrant to assess a potential deal for myHomeCare in the first quarter of last year, but no transaction took place.
Former Allity CEO Tomás Chubb was appointed CEO of myHomeCare in October last year.
The SOURCE: The return of myHomecare to the market now suggests that there is renewed interest in investing in the home care sector. With two years to run until the Government’s new Support at Home Program in place, will we see more transactions in this space?
The Weekly SOURCE
One in four home care services failed to comply with Quality Standards: ACQSC
Compliance rates for home care providers improved 8 percentage points in Q1 2024-25, with 73% of assessments finding the provider complied with all 8 of the Aged Care Quality Standards.