MEDIA RELEASE - Estia Health

Estia Health today confirmed that its owner, Bain Capital, has entered into an agreement to sell Estia Health to global infrastructure investment firm Stonepeak, with participation from a minority co-investor.

Continuity for residents, families and staff

The current management team and governance structure, led by Sean Bilton, CEO and Managing Director, will continue to guide Estia Health.

Sean Bilton said: “The day-to-day experience of residents, families and our staff will not change.

“It is our privilege to be entrusted to care for older Australians and partner with our residents and their families at an extremely important time in their lives. That privilege does not change with our ownership.

“We look forward to working with Stonepeak, whose complementary experience and long-term investment approach support our strategy and build on our strong foundations.

“Stonepeak’s investments in seniors living and aged care in Australia and New Zealand, commitment to the continuity of our team, and to ongoing investment in the capability of our people and systems will ensure we can continue to deliver for our residents and their families.

“Our ambition is for Estia Health to lead the sector and deliver the quality-of-care older Australians deserve.”

Transaction background

Bain Capital acquired Estia Health in December 2023. Over the subsequent period, Estia Health has grown from 73 homes with approximately 6,720 places to 93 homes and approximately 9,250 places.

The transaction is expected to complete in the second half of 2026, subject to standard regulatory approvals.

ENDS

Attachments

Estia Health Media Release.pdf

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