Aged care operator Estia Health receives $775m takeover offer from Bain Capital

One of Australia’s largest residential aged care providers, Estia Health (ASX: EHE), has today received a takeover offer from US private-equity firm Bain Capital valuing the target at $775 million

Under the proposal, EHE shareholders would receive $3 per share, representing a 28.2 per cent premium to the last share price of $2.34 on 23 March.

In a statement on the ASX, Estia Health said it was considering the indicative proposal to assess whether it was in the best interests of shareholders to engage with Bain Capital.

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