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.

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Lauren Broomham

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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

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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

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Out of the Ordinary

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

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Ian Horswill

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Regis Aged Care revises plans for 99-bed, $33M Belrose home on Sydney’s Northern Beaches

Australia’s only publicly listed aged care provider has lodged plans with Northern Beaches Council to alter previously approved plans for Melrose Manor aged care facility, in Belrose, 19km north east of the Sydney CBD, including refining the design...

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Caroline Egan

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Development

VIC Govt’s $1.1M per bed Camperdown aged care home passes construction halfway mark

The Camperdown public aged care home 190km west of Melbourne will cost $39.6 million to build and will feature 36 single rooms with ensuites, the ‘small household model’ design, and a modern, efficient, and safe working environment for staff. Ingrid...

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Caroline Egan

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Development

92-unit retirement living development approved at Campbelltown Catholic Club in Sydney’s southwest

Studio. SC received notification last Tuesday it had development approval to build 92 retirement living dwellings, a diverse range of common facilities and landscape communal offers designed by NewScape Design at the club in the heart of the city...

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Ian Horswill

10 Nov 2024

Development

The Wests Group scale back from 262 to 125 village units in its seniors living plan for Wests Mayfield, Newcastle

The Newcastle Not For Profit membership-based recreation club organisation has resurrected but reduced its 2019 plan for part of the site of its Wests Mayfield club in the second most populous area of NSW. The Wests Group has prepared a scoping...

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Ian Horswill

10 Nov 2024