EHE
Director Trades
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Company News
Estia Health to be acquired by Bain Capital in $838m deal
Private equity group Bain Capital has made an $838 million takeover bid for aged care provider Estia Health (ASX: EHE) via a scheme of implementation agreement. The deal implies an enterprise value for Estia of approximately $959 million. If it is approved at a scheme meeting in November, Estia shareholders stand to receive $3.20 per […]
Estia Health receives upgraded offer from Bain Capital
The share price of aged care homes specialist Estia Health (ASX: EHE) leapt by 14% in morning trade on the news of an upgraded acquisition offer from leading international private investment firm Bain Capital. The revised non-binding and conditional proposal from Bain relates to the acquisition of 100% of the issued capital of Estia Health […]
The ASX companies that live or die with the stroke of a regulatory pen
Deep in any corporate vault lies a piece of paper or two that affirms the right of an enterprise to operate, such as articles of incorporation, a banking or broadcasting licence or a mining permit. Apart from diligent company secretaries, no-one else will give the paperwork a second thought. But when this right to operate […]
Aged care royal commission rocks sector with more news still to come
Prime Minister Scott Morrison has warned the nation to brace itself for “bruising” information during a royal commission announced on Monday into the nation’s $20 billion ailing aged care sector. The announcement came hours before an ABC Four Corners exposé detailing a system rife with resident neglect, and wiped an estimated $500 million off the […]