Not-for-profit aged care provider Bolton Clarke has acquired for-profit provider Allity, the sixth largest aged care provider in Australia.
The acquisition sees Bolton Clarke take over Allity’s 43 aged care homes and 3,800 beds in New South Wales, Victoria, Queensland and South Australia to add to its existing 27 aged care homes.
This brings Bolton Clarke’s portfolio to 70 residential aged care homes, 36 retirement villages and 130,600 community care clients across NSW, Victoria, Qld, SA and Western Australia.
The acquisition follows Bolton Clarke missing out on purchasing listed provider Japara Healthcare to not-for-profit aged care, retirement living and hospital provider Calvary Health Care in July.
Bolton Clarke CEO Stephen Muggleton said the acquisition was exciting for the organisation.
“This is a rare and exciting opportunity to bring two strong companies together to set a foundation for growth, innovation and seamless integrated care,” Mr Muggleton said.
Bolton Clarke chairman Pat McIntosh said the board focus remained on growth, despite the size of this transaction.
“As one of the country’s largest not-for-profit organisations, Bolton Clarke is well-positioned to provide support to organisations with less capacity to manage the reforms ahead,” Mr McIntosh said.
Moelis Australia advised Bolton Clarke and Ansell Strategic led the operational due diligence process. Macquarie Bank and Evans & Partners advised Allity.
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