Buying

Estia Aged Care seeks to grow by 150% in next five years - 10,000 beds

Jul 20 2015 Updated May 3, 2023

The Weekly Source

1 min read

Following its listing last December for $1 billion, Estia has now announced it intends to grow from 4,120 beds today to 10,000 beds by 2020.

The growth will be from a combination of mergers and acquisitions and new development.

RIP: We are seeing the death of the family-run aged care operator

It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...

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Lauren Broomham

11 Sep 2025

Mergers & Acquisitions

Scape’s Craig Carracher: Aveo deal cost closer to $4.5B, not $3.85B

Brookfield Asset Management hailed the sale of Aveo as the largest direct real estate transaction in Australian history, quoting a price tag of $3.85 billion.

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Ian Horswill

08 Sep 2025

Mergers & Acquisitions

Opal HealthCare powers ahead with triple Victorian acquisition

Australia’s largest aged care operator, Opal HealthCare, has added three more homes to its Victorian footprint after completing the acquisition of Australian Aged Care Group (AACG) on 1 September 2025.

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Caroline Egan

09 Sep 2025

Opinion

200,000 village residents in assisted living and private aged care within 5 years? Yes

Grant Corderoy tells our private aged care breakfasts that the DMF is likely on the way out and up front membership is the only way to be able to deliver the staff and services this new customer will demand. There will 200,000 of these customers swamping village ‘beds’ in the next 60 months.

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Chris Baynes

08 Sep 2025

Manuel Lang joins GemLife as Chief Corporate Officer

The ASX-listed land lease community operator GemLife has appointed Manuel Lang as its Chief Corporate Officer, effective 1 October 2025. Manuel brings more than 20 years’ experience in the land lease and property sectors. He was General Manager Land Lease Communities at AVID Property Group.

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Ian Horswill

10 Sep 2025

Sector Moves/People

Sector Moves & People

UnitingCare Queensland appoints Ben Edwards as new CEO

The Group Chief Operating Officer of St John of God Health Care, Ben Edwards, has been appointed as the next Chief Executive Officer of UnitingCare Queensland, commencing 12 January 2026.

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Ian Horswill

08 Sep 2025

Sector Moves/People

Sector Moves & People

Phoebe van Bentum takes the reins from retiring Maroba CEO Viv Allanson OAM

After more than three decades of leadership by Viv Allanson OAM, Phoebe van Bentum says she is “honoured” to be appointed CEO of Newcastle-based Not For Profit aged care provider Maroba.

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Caroline Egan

27 Aug 2025

Sector Moves/People

Tomai Morris departs Retirement Living Council after seven years

Tomai Morris, the inaugural Retirement Living Council Commercial Director in 2023, has decided to leave after seven years’ service. “She has shaped, coordinated, grown and delivered six National Retirement Living Summits and seven National Retirement Living Award programs,“ said ED Daniel Gannon.

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Ian Horswill

18 Aug 2025