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Estia Health

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Estia Health has 68 aged care homes and has reported about $650 million in revenue a year in the past three years. Rival Regis Healthcare is a similar size.

US giant snaps up Australian aged care operator Estia in $838m deal

US private equity firm Bain, which owns Virgin Australia, has reached a deal to acquire one of the largest aged care providers in the country.

  • Emma Koehn

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COVID-19. Corona Virus. Joe Desira's mum Rita has lived in Estia Keilor Downs for the last three years, and survived the first outbreak of coronavirus the home had in July unscathed. For the last two weeks though, the 95-year-old has been one of almost every resident living in the home to test positive, and has been in Epping Private hospital, where she appears to be making a recovery. Desira is among the relatives asking why Estia, a listed company that posted a half-year profit of $16 million in February before the pandemic hit, did such a poor job of stopping the spread the second time around. Estia Keilor Downs is now the largest outbreak in Melbourne, with 30 active cases and a total of 50 positives. Photo by Jason South. 6th October 2020

Residents 'failed' as second coronavirus outbreak hits nursing home

Estia aged care had a COVID outbreak at its Keilor home in July. A resident returning from hospital sparked a second wave last month.

  • Clay Lucas
Greens leader Adam Bandt.

Greens push for $3 billion aged care funding boost

Greens leader Adam Bandt will call for a $3 billion federal investment in aged care to increase medical help for older Australians and scale back the rise of facilities driven by profit.

  • David Crowe
Residents are evacuated from St Basil's Homes for the Aged in Fawkner

'Help me, I can't breathe': Deadly mistakes in aged care outbreak

Some of the deaths and anguish caused by Victoria’s second wave epidemic need not have happened.

  • Chip Le Grand
Estia Health is building a new $34 million aged care facility, a residential aged care home, at Blakehurst.Picture John Veage

Nursing home backtracks 'zero COVID' claim after 13 cases at Melbourne centre

The aged care provider initially announced there had been zero COVID-19 infections in residents past or present. There are 13 cases at a home in Melbourne.

  • Alex Druce
Estia Health said it will suspend guidance for 2019-20.

'High degree of uncertainty' forces Estia to scrap guidance

Aged care operator Estia Health has followed other firms struggling to deal with the effects of the coronavirus pandemic, scrapping its full year guidance.

  • Simon Johanson
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The ASX 200 ended the session down but rose 182 points, or 2.7 per cent, over the month.

Stocks notch gains as bullish US sentiment helps offset profit warnings

The ASX has booked solid gains as the big miners and oil companies rose sharply on the back of fresh signs that the US economy is still firing on all cylinders.

  • Lucy Battersby
Investors wipe $500 million off under siege aged care stocks

Investors wipe $500 million off under siege aged care stocks

The share prices of aged-care operators across the country tanked on Monday morning after Prime Minister Scott Morrison announced a royal commission into the sector.

  • Nassim Khadem
Aged care has 'not kept pace': Providers welcome inquiry

Aged care has 'not kept pace': Providers welcome inquiry

Leading aged care companies are calling on the royal commission to provide clarity on how service providers can keep pace with burgeoning demand

  • Jennifer Duke

Original URL: https://www.smh.com.au/topic/ehe-kj