trending Market Intelligence /marketintelligence/en/news-insights/trending/fch-oaxhawltheqny9tm6w2 content esgSubNav
In This List

Zenitas accelerates acquisition of aged care services provider

Video

According to Market Intelligence, December 2022

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022


Zenitas accelerates acquisition of aged care services provider

Australia's Zenitas Healthcare Ltd. is acquiring the remaining 49% NexttCare Pty Ltd., an aged care services provider.

The $14.7 million consideration will be funded from Zenitas' debt facilities.

Zenitas was to acquire the stake in July 2019, after taking an initial 51% of NexttCare in July 2017.

CEO Justin Walter said the accelerated acquisition is driven by Zenitas' recent purchase of Australian Home Care Services.

The deal is expected to close in December.