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.

Janet Anderson out, new Aged Care Quality and Safety Commissioner in

The inaugural Commissioner of the Aged Care Quality and Safety Commission, Janet Anderson PSM, will depart the role next month after six years in favour of a new face.

Click here

Lauren Broomham

13 Dec 2024

Sector Moves & People

Which aged care provider has been awarded a $136M contract to conduct assessments under new Single Assessment System?

The Department of Health and Aged Care has released details of contracts worth nearly $1.5 billion awarded to operators to conduct aged care assessments under the new Single Assessment System. The largest contract, worth more than $226 million, was...

Click here

Caroline Egan

12 Dec 2024

Government Policy

Breaking news: Fed Govt slashes $2.5B off aged care with new payments in arrears for residential aged care from 1 July 2026

With the Federal Budget slipping further into deficit over the next four years, the Mid-Year Economic Fiscal Outlook (MYEFO) 2024-25 has revealed the Albanese Government is looking to save on spending with aged care is in its sights. Presenting the...

Click here

Lauren Broomham

18 Dec 2024

Opinion

2024 aged care report card: pass for residential care, home care a failure

The final report card for the aged care sector looks very different depending on what services you deliver.

Click here

Lauren Broomham

18 Dec 2024

Bain Capital-owned Estia Health reportedly secures $300M finance line

Estia Health has secured $300 million in financing from Japanese Bank Nomura, according to The Australian Financial Review’s Street Talk column.

Click here

Caroline Egan

11 Dec 2024

Mergers & Acquisitions

With its closest aged care home 1,200km away, St Vincent’s Care Services sells Townsville facility to Ozcare

Ozcare was established as part of the St Vincent de Paul Society Queensland in 1996 and nearly 30 years later has more than 50 locations throughout Queensland including 18 aged care homes, with several in and around Townsville

Click here

Caroline Egan

11 Dec 2024

Mergers & Acquisitions

Sale price for Kiama Council’s Blue Haven Bonaira aged care home slashed by $6M

Perth-based aged care provider Hall & Prior will pay $89 million for the Council-built 134-bed aged care home in Kiama, south of Sydney, down from the $95 million original price tag, after additional building defects were identified.

Click here

Caroline Egan

11 Dec 2024