Estia Health
ParentQuadrant Private Equity

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]

See also

References

  1. ↑ Dunn, James (16 June 2017). "Lessons for participating in private equity floats". NAB. Retrieved 20 May 2018.
  2. ↑ "Australian care providers for aged hit by inquiry". Financial Times. 17 September 2018. Retrieved 2 November 2018.
  3. ↑ "Estia Health founder Peter Arvanitis resigns as director". Australian Financial Review. 31 August 2016. Retrieved 2 November 2018.
  4. ↑ "PepsiCo's top executive team becomes majority female 'by default'". Sydney Morning Herald. 11 October 2018. Retrieved 2 November 2018.
  5. ↑ "Estia Health to acquire Premier Health Care assets with Thomson Geer's help". Australasian Lawyer. 1 November 2022. Retrieved 14 November 2022.
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