Brookfield is Preferred Bidder to Acquire Australia’s Retirement Home Operator Aveo Group.
I light of recent capital raise of $800M by BBU I expect them to pursue this deal.
BBU also acquired Australia’s private hospital and NZ Lab operator Healthscope in Jan 2019. They have indicated in 2018 presentations that they plan to target healthcare industry in Australia, EU and North America.
Aveo has 93 retirement villages all over Australia.
It is small company currently valued at A$1.15B Market Cap. The company builds retirement communities and also provides many services. Brookfield can leverage this platform to grow and gain knowledge in the sector before expanding in other geographies.
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