A bidding battle has broken out for aged care operator Japara Healthcare after the Bolton Clarke Group pitched in a $326 million takeover bid, pipping an earlier offer from its not-for-profit peer Calvary Healthcare.
At stake is one of the country’s largest private-sector residential aged care portfolios, with more than 4400 operational resident places across 51 homes in Victoria, NSW, Queensland, South Australia and Tasmania.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
