While the aged care sector is saying it cant make money and wont build more beds, Lend Lease has two private equity firms vying to buy its 31 care facilities at a rumoured $200M+. Archer Capital is said to be ahead of Pacific Equity Partners in the deal. The question is how are they going to achieve more value/return than an experienced operator? The usual concept is that a private equity group will buy cheap, cut waste, energise the business and then sell within about three years.
Government Policy
Aged care reforms likely to be delayed
Leaked documents obtained by media outlet Nine reveal the Government is considering delaying implementation of the new Aged Care Act, currently slated for implementation on 1 July 2024, until next year. The documents list the implementation date as...
