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 Cares 16 aged care facilities. The next largest operator is Britain’s BUPA, which bought the Amity group last year with 3,600 beds.
AMP now the largest private aged care operate in Australia
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