Archer-owned Australian Aged Care buys Lend Lease's care unit
Australian Aged Care Partners, an Archer Capital portfolio company, has agreed to buy property group Lend Lease's aged care unit for A$270 million ($276 million). The transaction is expected to be completed by the end of March 2013.
Lend Lease's Aged Care unit owns and manages 30 aged care facilities across Australia with 2,338 beds and an additional 563 beds in the pipeline. The business was bought by Lend Lease as part of the Primelife...
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