Estia aims for 10,000 beds buys four care facilities
Estia Health has purchased from Hutchinson family on the New South Wales north coast 349 beds across the three facilities in Taree, Tuncurry and Forster, a deal put together by Phil Smith at Colliers. Also purchased a 120 bed facility at Mount...
Estia Health has purchased from Hutchinson family on the New South Wales north coast 349 beds across the three facilities in Taree, Tuncurry and Forster, a deal put together by Phil Smith at Colliers. Also purchased a 120 bed facility at Mount Coolum on the Sunshine Coast.
Having listed last December for $1.1 billion with approximately 3,500 beds, they now have 4127 beds and ambitions to reach 10,000 within five years.
Since December their share price has risen from $4.70 to $6.29, a jump of 33% in five months.
