Haven sells aged care businesses to Catholic Healthcare
Russell Kennedy has advised The Haven Community Limited on the sale of its aged care, home care and retirement living businesses to Catholic Healthcare Limited.
Firms: Russell Kennedy Lawyers (The Haven Community Limited); HWL Ebsworth (Catholic Healthcare Limited); Ernst & Young (The Haven Community Limited)
Deal: The Haven Community Limited (The Haven) has sold its aged care, home care and retirement living businesses, and associated land, to Catholic Healthcare Limited (Catholic Healthcare).
Area: M&A, aged care
Key players: The Russell Kennedy team was led by principal Solomon Miller and special counsel Rory Maguire, with assistance from principal Rosemary Southgate and senior associates Morgan Scholz and Abbey Burns.
Deal significance: This transaction comes after a strategic review was conducted by the board of The Haven as to how the company would continue its focus on affordable housing, with an emphasis on assisting other community organisations in the area.
“This is a significant and important transaction for The Haven and Catholic Healthcare, and for the aged care and retirement living market in the region,” commented Russell Kennedy lead partner Solomon Miller.
“The transaction is a great demonstration of Russell Kennedy’s expertise in this industry and of our ability to manage cross-practice teams and advise clients on complex issues.”