Japara Healthcare

Last updated
Japara Healthcare
Founded2005
HeadquartersAustralia
Parent Calvary Health Care

Japara Healthcare was an Australian aged care provider that operated residential aged care homes and retirement villages across the country. It was listed on the Australian Securities Exchange until November 2021, when it was acquired by Calvary Health Care and its operations were rebranded under the Calvary Health Care name. [1]

History

Japara Healthcare was established in 2005 and operated more than 50 residential aged care homes and several retirement villages in multiple Australian states.

In March 2018, the company acquired the Riviera Health residential aged care portfolio, comprising four facilities located at Brighton-Le-Sands, Chatswood, Doonside and Wyong, as well as a closed facility in Toukley. [2]

In 2021, Japara entered into a Scheme of Arrangement with Calvary Health Care. The acquisition, valued at approximately AUD 380 million, was approved by shareholders and the Federal Court in November 2021. [3] [4]

Following completion of the transaction, Japara’s residential aged care homes and retirement villages were rebranded as Calvary and integrated into Calvary Health Care’s broader national network of hospitals, aged care, retirement living and home care services. [5]

References

  1. "Done deal: Japara Healthcare board signs takeover". Australian Financial Review. 27 July 2021.
  2. "Japara Healthcare Ltd acquires Riviera Health residential aged care portfolio". Motley Fool. 26 March 2018. Retrieved 2 November 2018.
  3. MarketScreener (5 November 2021). "Calvary Health Care Limited completed the acquisition of Japara Healthcare Limited." MarketScreener. Retrieved 19 August 2024.
  4. "Japara acquisition two years in the making: Calvary CEO Martin Bowles". The Weekly SOURCE. 1 November 2021. Retrieved 6 September 2024.
  5. "Calvary welcomes Japara". Calvary Health Care Australia. 5 November 2021.