Estia Health is an Australian aged care operator floated by

Quadrant Private Equity Quadrant Private Equity (also simply known as Quadrant) is an Australian private equity investment firm based in Sydney, Australia. The company was founded as Quadrant Capital in 1996 by Chris Hadley. Hadley now serves as the firm’s Executive ...

in December 2014 when it was valued at $725 million. It operates 75 facilities across Australia and is listed on the

Australian Securities Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...

History

It was founded by Peter Arvanitis. He resigned in 2016. In 2018 it had the largest proportion of women in its executive team. 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 The Australian Broadcasting Corporation (ABC) is Australia’s principal public service broadcaster. It is funded primarily by grants from the federal government and is administered by a government-appointed board of directors. The ABC is ...

produced a two-part documentary focusing on alleged neglect and abuse of older people. Estia Health was a public company traded on the

until December 2023 when it was taken private by

Bain Capital Bain Capital, LP is an American Investment company, private investment firm based in Boston, Massachusetts, Boston, Massachusetts, with around $185 billion of assets under management. It specializes in private equity, venture capital, credit, p ...

for $551.3 million.

Acquisitions

It acquired 4 residential aged care homes and two 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.

References

{{reflist Companies formerly listed on the Australian Securities Exchange Aged care in Australia Companies based in Sydney Health care companies of Australia Bain Capital companies

History

Acquisitions

See also

References