find the latest legal job
Monash University Director Workplace Relations
Category: Industrial Relations and Employment Law | Location: All Melbourne VIC
· Exceptional senior leadership role
View details
Personal Injury Lawyer - Melbourne Eastern Suburbs - 2-5 years PAE
Category: Personal Injury Law | Location: Lilydale VIC 3140
· Fulfilling role as part of a small team in a positive workplace
View details
Legal Counsel
Category: Banking and Finance Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· In-house opportunity · Be part of our engine for success in a high growth business
View details
Trainer/Assessor Diploma of Legal Services
Category: Other | Location: Liverpool NSW 2170
· 3 Days Per Week · 9am - 4pm
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Adelaide CBD · Join a leading Adelaide commercial law firm
View details
Aged care sites change hands

Aged care sites change hands

Juanita_Rayson

Four aged care facilities have been sold to a listed company.

Firms: DibbsBarker (Owners of Profke Aged Care Group); K&L Gates (Japara Healthcare Limited)

Deal: Sale of Profke Residential Aged Care portfolio to Japara Healthcare Limited

Value: $102.5 million

Area: Corporate & Commercial/Property

Key players: The DibbsBarker team was led by corporate and commercial partners Juanita Rayson (pictured) and Michael Goss, with Kamini Newton (senior associate), Brian Kirkup (associate) and Danielle Weir (lawyer).

The property team members assisting on the matter were Matthew Rollason (partner), Steven Askew (senior associate) and Rachel Nicholson (associate).

The owners of the Profke Aged Care Group were also advised by Matthew Gray (partner) and Nathan Fenner (director) of KPMG.

Deal significance: According to a release by DibbsBarker, Profke Aged Care Group has recently settled a sale to ASX-listed aged care operator Japara Healthcare Limited of its portfolio of four aged care facilities in Queensland and NSW. A total of 587 beds were sold across the four sites.

The ownership structure of the Profke Aged Care Group increased the complexity of the transaction, with a number of interconditional agreements required to sell the necessary assets out of family trusts and multiple companies.

DibbsBarker lead partner Ms Rayson said: “This transaction is another example of consolidation in the aged care industry, an industry that is likely to continue to evolve and grow with Australia’s ageing population and increased government regulation.”


Promoted content
Recommended by Spike Native Network