Overview
Attractive market dynamic with an ageing demographic requiring increasingly complex care needs
Supportive regulatory environment creating natural barriers to entry for new entrants and c.70% of revenue derived from government funding
Strong historical performance, increasing occupancy from 87% to 94%, delivering an EBITDA CAGR of 20% between 2011 and 2016
Operationally and financially top quartile market performance
(Strong operational performance in the industry when benchmarked against its peers on operating and financial metrics)
Strong, stable cash flows delivering a high cash yield
Scalable high quality platform in a fragmented market, with a significant brownfield and greenfield development pipeline
Location information
location_on Level 27/135 King Street Sydney NSW 2000
| Description | Second largest private provider of residential aged care in Australia |
| Geography | Australia |
| Investment date | May 2005 |
| AMP Capital Stake | 47.62% (with 50/50 JV governance rights) |
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Important notes
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