The board of Japara Healthcare has opened its books to suitor Little Company of Mary Health Care Ltd, also known as Calvary Healthcare, taking a possible tie-up one step closer.
On June 5, Japara received an increased non-binding indicative proposal from Calvary seeking to buy 100 per cent of the shares via a scheme of arrangement at $1.20 per share, valuing the equity at $444.1 million.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
