After a period bookended by a royal commission and significant government reforms, the tumult with Australia’s aged care sector is subsiding. Now, major operators are positioning themselves for the next chapter.
Street Talk can reveal Estia Health, the Bain Capital-owned industry giant, has brought in Japanese bank Nomura to secure $300 million in new mezzanine financing, which is expected to be used to build out its portfolio.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com