Accountant Marcus Willison of Ernst & Young made another significant prediction, namely that a big village operator will go into receivership in the near future. This would make the cherry picking scenario for the above overseas entrant easy but will be potentially very damaging for the industry, having the less desirable villages (and their residents) left languishing while the receivers price is knocked down.
Mergers & Acquisitions
Brookfield sells retirement village operator Aveo for $3.85B
Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...
