Investment bank Babcock & Brown (through its Primelife/BBC business) has secured an option over the management rights of the unrelated Prime Trust group of villages which controls 3,600 ILUs. Babcock & Brown already have 6,200 ILUs across Australia and New Zealand, meaning they will control close to 10,000 ILUs or approximately 85 villages. They also operate 940 beds in 17 aged care facilities.
Healthcare Australia buys home care provider My Care Solution
South Australian family-owned home care provider My Care Solution has sold its operations to Healthcare Australia, which is owned by Sydney-based venture capital firm Crescent Capital. Healthcare Australia is a healthcare staffing business, with...