The ex head of Aveo Retirement, Justin Laboo, has taken Affinity Education Group in three months from an initial listing price on the Australian Stock Exchange of $1.00 to todays price of $1.50. A relatively new business, it has succeeded where competitor Sterling Education has failed. Sterling also tried to list on the Stock Exchange at a value of $200M, backed by Macquarie Bank, but last week failed to get investor support. This week Sterling was taken over by G8 Education for $228M. Laboo led Aveo through the GFC from 2007 to September 2012, Affinity Education Group was established in May last year and owns 57 child care centres and manages a further 11 across QLD, NSW, VIC and NT.
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Breaking down silos: Whiddon’s regional pilots are transforming aged care
Six 12-week Collaborative Health Care (CHC) Initiative pilots are now live across regional NSW, bringing aged care providers, hospitals, insurers, and Government agencies together to tackle some of the biggest pressure points in health and aged care.