Its understood privately-held Japaras main lender, the ANZ, which banks a large chunk of the aged care sector, is driving the sale process of the aged care business. Final bids for Japara were submitted to its adviser UBS on Friday last week. According to the Australian newspaper, Healthscope has declined to comment on whether it put in a bid but Bupa Care Services have stated that while it has looked at the Japara prospectus, it refrained from putting in a bid.
Community Living
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...
