THE Supreme Court of New South Wales has approved Bain Capital’s $838 million takeover of Estia Health, the final step in the acquisition that will be implemented on Friday week.
Bain will acquire aged care facility operator Estia via Firebird BidCo Pty Ltd.
Estia shareholders voted overwhelmingly in favour of the acquisition last month. That followed Bain making an initial offer in March before a strengthened offer in June, and the Estia board accepting the takeover offer in August.
Estia operates more than 73 homes across Victoria, NSW, Queensland and South Australia.
