12:00AM August 28, 2018
Australia’s aged-care industry could be in for a major shake-up with speculation mounting that a private equity firm is circling the sector’s largest company, the $1 billion Regis Healthcare.
Regis reports its results on Friday, which would give any interested party more insight into its performance. But Regis told this column it had not received any approaches and was not aware of any buyer interest.
Apparently, at least one of the listed aged-care providers has had approaches from more than two private equity funds interested in the sector.
One of the names mentioned to be kicking tyres in the past year has been Kohlberg Kravis Roberts so it will be interesting to see if it emerges as a suitor of one of the listed groups.
