It is one month ago that US private equity firm Blackstone was about to sign the purchase of 2,800 bed aged care operator japara for $400M+. This takes negotiation to 7 months. Blackstone is seeking $250M in bank funding for the deal. Property and bond valuations are rumoured to be the stumbling block.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...