Moelis builds to 10% shareholding in Japara after 70% in Infinity Aged Care

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Advisory and funds management firm Moelis has invested $99 million in aged care operators, most in the last 30 days.

This week it increased its shareholding in Japara from 6.1% to 9.96% at a cost all up of $53 million. 

One month ago they acquired 70% of Infinite Care in Melbourne for $45.7 million, stating they look to a 20% return per annum over four years.

The Infinite deal was channeled through the newly established Moelis Australia Healthcare REIT – it will only have Infinite as an asset and is seeking retail investors. Read more HERE.

The private aged care segment has bounced back (slightly) since 6 September 2016 (13 months ago), the day the market imploded on Estia, Japara and Regis. Japara’s shares fell from $2.58 to $1.80. They now trade at $2.01.

See the following story on their view of market restrictions.