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Billionaires and broken models: Inside Soul Patts’ bid for Regis

There's no shortage of drama in Soul Patts’ bid for Regis. But at its heart, this is a fight over how broken the aged care sector's model really is. 

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The aged care sector is an unlikely backdrop for one of the more intriguing deals of the year. But that’s exactly what Washington H. Soul Pattinson’s $550 million tilt at Regis Healthcare is – it has it all.

There’s the storied investment house, run by wily billionaire Robert Millner, a man known for his ability to turn bargains into big returns.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/chanticleer/billionaires-and-broken-models-inside-soul-patts-bid-for-regis-20201122-p56gsw