Estia Health, which was acquired in December 2023 by US-based private investor Bain Capital for $838 million, has confirmed it is to acquire two Mark Moran Group aged care homes with a total of 260 aged care beds.
The transaction is expected to be completed on 2 June 2025, and will take Estia Health's portfolio to 87 aged care homes.
A spokesperson for the acquirer told The SOURCE, "We can confirm that last week Estia Health announced plans to acquire Mark Moran Group’s Little Bay and Warrawee residential aged care homes.
"This announcement aligns with Estia Health’s growth strategy, of acquiring high-quality aged care asset in key markets.
"Estia Health remains focused on growing its portfolio and continuing to invest in quality person-centered care and employee development, to ensure that residents receive the best possible care and support."
Mark Moran, Co-Founder and Co-CEO of Mark Moran Group, told The Weekly SOURCE: "Unfortunately due to the nature of these types of contracts we’re unable to comment at present."
In January 2025, we reported Estia Health had acquired private aged care operator Aurrum Aged Care's three aged care homes on the NSW Central Cost - in Erina, Norah Head, and Wyoming - and four aged care homes in Melbourne - in Brunswick, Healesville, Plenty, and Reservoir.
In November 2024, Estia Health also completed the purchase of Calvary Health Care's three aged care homes in Robina Rise, Noosa, and Gympie Views, strengthening its presence in Queensland.
