No comment on Japara sale

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It’s understood privately-held Japara’s 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.

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