Russell Kennedy’s M&A team act for Apollo Care, on the acquisition of aged care, home care and retirement living business
Russell Kennedy has advised Apollo Care Alliance (Apollo Care) on the acquisition of aged care, home care and retirement living operations from Bundaleer Care Services Limited (Bundaleer).
Aged care provider, Apollo Care, has added a further regional facility to its expanding aged care operations with a unique promise to preserve the important role Bundaleer plays in its local community. The completion of this acquisition will take Apollo Care’s aged-care portfolio to six communities.
The transaction also included the acquisition and transition of home care services and independent retirement living units and operations.
Apollo Care was founded by a team of industry veterans interested in protecting and enhancing the purpose, individuality, culture, and community goodwill created by charitable aged-care providers.
Russell Kennedy Principal and transaction lead, Rohan Harris, commented on the success, saying:
“We were again pleased to assist the leaders of Apollo Care with another successful acquisition. The Apollo Care acquisition model is addressing a long standing problem for not-for-profit providers who are challenged by the regulatory and financial risk of running significant operations in these related sectors but who wish to maintain their community focus and purposes.”
Apollo Care CEO, Stephen Becsi, said:
“We believe this is a win-win solution, and another example of how Apollo Care can help struggling Not for Profit organisations de-risk their operations and maintain their purpose".
About Russell Kennedy:
Russell Kennedy delivers expert legal solutions and provides market-leading expertise in our sectors of focus. We are committed to making a difference for our clients, providing opportunities for our people and creating positive and lasting change within our community.
Russell Kennedy is a national firm with offices in Melbourne and Sydney, proudly in operation for more than 120 years. We presently have over 270 staff across our offices.
For assistance regarding mergers and acquisitions, please contact Rohan Harris, Kate Littlewood or a member of our Corporate & Commercial Advisory team. Learn more about Russell Kennedy’s aged care expertise here.
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