Court documents have shown that the former Japara CEO at the centre of the court case, Arnan Rouse, sent an email saying he was concerned about the companies insolvency in May 2009. Board minutes and a sales document show that Japara's shareholders have been looking to sell for up to $500 million and have identified two potential buyers.
http://www.thesourcetoday.com.au/p602_Japara-Court-case-reveals-Board-knew-of-insolvency-in-2009.html
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...