The private company, led by founder Jon Kontopos a colleague of Bill Moss increased its initial $2M offer after it attracted stronger than expected interest from a number of high-profile investors.
The Group, which specialises in services for people with dementia and non-medicated therapies, has both former Macquarie banker Bill Moss and former Paul Ramsay Group director David Herlihy on board as advisers and directors.
Mr Kontopos told us DCG plans to use the capital to complete a number of strategic acquisitions and improve their own operations and infrastructure with the hope of having an IPO within 18 months.
DCGs initial focus will be on the Sydney and Queensland market before expanding south and west. They plan to have around 400 carers and nurses on staff by the end of the year.
Mr Kontopos says the company has been waiting for the introduction of CDC to roll out more of its day centres, which they have been piloting for around a year.
These offer flexible respite for people with stage one or two dementia and their carers. They can drop off their loved one for a few hours or the whole day, he said. The feedback we have from consumers is that this is something that they really want.
