The race continues for size in the private aged care sector as Estia, Allity and Regis push for larger bed portfolios to build their attractiveness as new listings as public companies.

The latest transaction is the sale this week by the Whelan family in SA of their four care facilities with 300 beds and serviced apartments. Surprisingly they sold to Japara Healthcare in their first acquisition since listing themselves. (This has given Japara its first care facilities in SA).

The Whelan Family were advised by Phil Smith of Colliers. Interestingly Colliers acted for Allity in valuing its purchase of ECH’s aged care operations in SA a few months ago and Estia’s purchase of SA’s Padman Aged Care by Estia, also in recent months.