Mable CEO and Co-Founder Tony Charara has denied reports in The Australian Financial Review that US private equity firm General Atlantic is looking to sell its stake in the aged and disability care platform.
"The AFR article is inaccurate," Tony told The Weekly Source.
"General Atlantic has not hired anyone to sell Mable. We have a very good relationship with General Atlantic, and Mable continues to be one of the best performers in their investment portfolio."
However, the AFR has reported that corporate advisory boutiques Greenhill Australia and Record Point have been appointed to "explore strategic options" for the platform.
Tony said, "Like any growth company, we're always exploring capital and options to help us continue building our strategy, which the media have misinterpreted in this instance.
"We aim to have the resources we need to achieve our goal of becoming a next-generation health care company powered by technology to deliver a step change in customer experience, particularly in aged care.
"I am incredibly excited about Mable's future and the transformative impact we are having in the aged care space, actively shaping better health outcomes for Australians."
Mable, which marked its ten-year anniversary last year, is reportedly a $1 billion business with revenue of around $100 million and told SATURDAY earlier this year they have begun breaking even.
Mable's other shareholder is Ellerston Capital.
