Parent | Bain Capital |
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Estia Health is an Australian aged care operator floated by Quadrant Private Equity in December 2014 when it was valued at $725 million. [1]
It operates 69 facilities across Australia and is listed on the Australian Securities Exchange.
The company lost about a sixth of its value in September 2018 when the government announced a public inquiry into misconduct in the aged care sector, following the Australian Broadcasting Corporation produced a two-part documentary focusing on alleged neglect and abuse of older people. [2]
It was founded by Peter Arvanitis. He resigned in 2016. [3]
In 2018 it had the largest proportion of women in its executive team. [4]
It acquired 4 residential aged care homes and 2 development sites worth more than $100m from Premier Health Care Group in 2022. They will add 409 resident places to their portfolio and two development sites could deliver a further 160-179. [5]
Estia Health was a public company traded on the Australian Securities Exchange until December 2023 when it was taken private by Bain Capital [6] for $551.3 million. [7]
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