Street Talk

$200m-a-year Opal HealthCare courts buyers; Morgan Stanley hired

Sarah Thompson, Kanika Sood and Emma Rapaport

Jul 1, 2024 – 6.51pm

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What comes around, goes around at Opal HealthCare, where investors including Singapore’s GK Goh Holdings and AMP Capital funds have brought in Morgan Stanley to work out whether it’s time to put the aged care operator up for auction.

GK Goh had similar thoughts in 2017 – although the Singaporean family office ultimately decided to hold on to the business. This time, it’s AMP thinking about cashing out.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.