Heritage Lifecare's owner does $291m sale-and-leaseback deal

Heritage Lifecare CEO Norah Barlow said it will be business as usual. (Photo: supplied)

Thu, 23 Dec 2021

Heritage Lifecare's owner, Australian private equity firm Adamantem Capital, has done a $291 million sale-and-leaseback deal of the aged care provider's properties with another Australian company with strong New Zealand links, Centuria Capital.Centuria, which took over NZX-listed Augusta Capital last year, has also bought a Queensland hospital for A$76m (NZ$80.4m) and a healthcare development site in Alexandria in New South Wales for A$38m, both to be owned by Centuria's existing unlisted Australian healthcare fund.Ownership of Heri...

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