It is one month ago that US private equity firm Blackstone was about to sign the purchase of 2,800 bed aged care operator japara for $400M+. This takes negotiation to 7 months. Blackstone is seeking $250M in bank funding for the deal. Property and bond valuations are rumoured to be the stumbling block.
DIGITAL EDITION
Think big. Think care campuses.
The gnarly problem: the lack of new ageing accommodation infrastructure over 20 years has hit the Baby Boomer demand bubble. Bad outcomes for old people are accelerating. Planning approval hurdles are cited as the root cause. Delay and bureaucratic...