With 63% of private aged care facilities being single premises operators, investment analysts state private operators are headed for consolidation with five likely winners.
They tip Opal, Regis, Estia Allity and Japara being the dominant private operators. Bupa should also be mentioned; it is the largest but not a private operated by definition.
Private aged care accounts for 40% of the 2800 care facilities nationally, or 1120 locations. 705 of these a single location/single operators. Operators with 2 to 6 facilities account for another 325. T
here is significant scope for consolidation, with Estia seen as the leader here - which requires significant capital. Regis is known as the greenfield developer and Japara is the brownfield developer, both requiring less capital and more time.
