Oceania CEO Earl Gasparich says company not headed for IPO

Mon, 28 Mar 2016

By Sophie Boot March 29 (BusinessDesk) - Oceania Healthcare, the aged-care operator owned by Macquarie Group funds, has denied reports it is preparing for an initial public offering. Earlier this month, the Australian Financial Review's Street Talk reported that Oceania was "expected to front potential buyers with Macquarie Capital in tow." Chief executive Earl Gasparich told BusinessDesk the AFR story was "just speculative - there's no substance to it at all." Oceania had seen a strong lift in earnings over the past year and a half...

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