Recent Posts

Vital Healthcare flags A$14.4M of new projects, buys land in Melbourne

Vital Healthcare Property Trust, the country’s biggest listed medical and healthcare property investor, has signalled A$14.4 million of new developments in Newcastle, Australia, and bought land in Melbourne to beef up an existing property in the city. The property investor will spend A$13 million to build a new 42-bed ward and car park at its Maitland Private Hospital just outside …

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Oceania aged-care business planning IPO, in talks with investors

Oceania Healthcare is on track for an initial public offering in early 2015, but the Macquarie Group managed aged-care operator’s chief executive, Earl Gasparich, says he’s also in talks with private investors and funds. The Auckland-based company is seeking new capital to develop prime brownfield sites in Auckland, Tauranga and Nelson, Gasparich told BusinessDesk. That could be through either an IPO, which was first touted in …

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Freightways buys Australian legal information firm LitSupport for up to A$30M

Freightways, the listed courier and data management company, will spend up to A$30 million on Australian information management firm LitSupport. The Auckland-based company paid A$17.1 million upfront, and will add potential earnouts of up to A$12.1 million based on LitSupport’s 2017 performance, in a deal that’s expected to generate A$17 million of annual revenue and A$3.8 million in operating profit, Freightways said …

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