August 2023
Bain wins over Estia in $838m victory for private equity
Estia Health, with 73 aged care homes, aims to be an industry consolidator under its new owner Bain Capital, which also owns airline Virgin.
July 2022
Taps open on public to privates as PE gets mojo back
It’s poaching season for Australian and offshore private equity firms set to unleash a bidding spree targeted at ASX-listed companies.
October 2021
Japara takeover fuels executive windfall
There is life (or at least profit) after a royal commission. Just look at Japara Healthcare.
August 2021
Japara earnings fall 40pc as COVID-19 bites
The takeover target says occupancy is steady this year as it looks to get the takeover offer by not-for-profit Calvary over the line.
St Vincent’s Care Services buys aged care homes from failed PresCare
The not-for-profit player bought three homes from the failed Presbyterian Church of Queensland, which was placed into receivership in May.
July 2021
Japara-Calvary tie-up gets nod from key investor
The aged care player’s second biggest investor David Di Pilla gives the $380 million offer a tick – as long as no other higher bid comes forward.
A Japara bet both ways for Moelis Australia
In the Japara auction, Moelis Australia was both substantial shareholder and adviser to the underbidder.
Why the Japara deal signals more consolidation to come in aged care
There are big payroll tax benefits to be unlocked by not-for-profits buying up aged care providers.
Big banks pile into Calvary Health, new debt to help swallow Japara
Catholic not-for-profit Calvary Health Care is understood to have lined up a new $500 million-plus debt facility to help bankroll its bid for ASX-listed Japara Healthcare and fund its wider business.
Japara shareholders warm to Calvary’s $380m bid
Consolidation is underway in the beaten down aged care sector as Calvary pips rival non-profit Bolton Clarke Group to win the approval of Japara’s board.
HomeCo’s healthcare REIT primed for asset surge
With the ability to co-own bigger assets like hospitals and life sciences hubs with its unlisted wholesale sister fund, HealthCo REIT’s portfolio could surge.
Soul Patts eyes aged care as M&A heats up in the sector
The listed investment house is widening its view to new asset classes and aged care/ seniors living is on the horizon.
June 2021
Morningstar data breach reveals KPMG deal maker lists
An alert system flaw for ASX-listed companies meant third parties could view project names KPMG had assigned, such as ‘Project Africa Comps’ for debt collectors.
Bidding battle for Japara as Bolton Clarke joins the fray
Bolton Clarke Group has put up a $326 million takeover bid, bettering an earlier sweetened bid of $320 million from Calvary Healthcare.
Japara grants suitor access to its books
Calvary Healthcare will take a look under the hood of the listed aged care player after it upped its all-cash indicative offer to $1.20 per share.
May 2021
Aged care stocks gain on budget, questions remain on wages
Aged care operators said budget measures would help stabilise the industry but the $17 billion package did not answer the question of higher staff wages.
April 2021
Calvary Health Care makes $278m bid for Japara
The bid by the cashed-up, not-for-profit operator may trigger other bids for the listed operator in a troubled sector.
Aged care daily payment should be uncapped: industry
The daily payment aged care operators can charge should be uncapped for those not supported by government, industry experts say.
March 2021
Aged care workforce needs higher pay and better education
The royal commission has made 148 wide-ranging recommendations including residents getting daily minimum staff time, and professionalising the workforce through more education, better training, and higher wages.
September 2020
Rising demand from Boomers lifts pressure on aged care sector: report
Uncertainty over securing skilled staff and capital, as well as the regulatory environment, are among the concerns of operators, a new Colliers report shows.