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Providing strategic advice on expansion structures November 16, 2018

Founded in Bondi Beach in 2012, Bailey Nelson has rapidly grown into a global eyewear retailer and service provider with boutiques in Australia, London, Canada and New Zealand. The strong demand for their products and … Continued

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2019 William Ah Ket Scholarship launches May 1, 2019

Wednesday 1 May 2019 The 2019 William Ah Ket Scholarship is now open for expressions of interest. The scholarship – named after Australia’s first barrister of Chinese background – is open to final year law students, law … Continued

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New laws for short-stay accommodation May 20, 2019

The short-stay accommodation changes to the Owners Corporations Act 2006 (Vic) (the Act) are now in force as of 1 February 2019, with Victoria following New South Wales’ lead to attempt to regulate use of … Continued

Advising on the sale of aged care facilities

There has been a significant period of consolidation in the healthcare industry, particularly in residential aged care.

The operating environment is challenging, with high levels of regulatory scrutiny and minimal recent growth in Commonwealth funding.

These factors are driving consolidation in the sector with ASX-listed operators and well-resourced not-for-profit groups striving to reach optimal size and scale, particularly in key population centres.

Maddocks recently advised New South Wales-based aged care provider Riviera Health in the sale of its residential aged care portfolio to Japara Healthcare Limited.

Under the deal, Japara acquired five aged care facilities in New South Wales, including 507 bed licences from Riviera.

The competitive sale process saw interest from a broad cross-section of the sector.

The Maddocks team on the matter was led by Healthcare sector leader Lucille Scomazzon and partner Aaron Kloczko with Bronwyn Badcock (partner, Property), Angela Tao (senior associate, Property) and Lucy Taylor (lawyer, Commercial).

There has been a significant period of consolidation in the healthcare industry, particularly in residential aged care.

The operating environment is challenging, with high levels of regulatory scrutiny and minimal recent growth in Commonwealth funding.

These factors are driving consolidation in the sector with ASX-listed operators and well-resourced not-for-profit groups striving to reach optimal size and scale, particularly in key population centres.

Maddocks recently advised New South Wales-based aged care provider Riviera Health in the sale of its residential aged care portfolio to Japara Healthcare Limited.

Under the deal, Japara acquired five aged care facilities in New South Wales, including 507 bed licences from Riviera.

The competitive sale process saw interest from a broad cross-section of the sector.

The Maddocks team on the matter was led by Healthcare sector leader Lucille Scomazzon and partner Aaron Kloczko with Bronwyn Badcock (partner, Property), Angela Tao (senior associate, Property) and Lucy Taylor (lawyer, Commercial).