AMP now the largest private aged care operate in Australia

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On top of its retirement village expansion, AMP will now indirectly controlled 5,000 beds in aged care, which is 3% of the Australian market. Principal Healthcare Group, part of AMP Capital Investors, paid $300 million for Domain Aged Care’s 16 aged care facilities. The next largest operator is Britain’s BUPA, which bought the Amity group last year with 3,600 beds.

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