Australian Unity Acquires myHomecare Group from Quadrant Private Equity

February 21, 2024

Australian Unity has agreed to acquire myHomecare Group from Quadrant Private Equity for about A$285 million, marking Quadrant's exit of the business. The purchase extends Australian Unity's capabilities in home-based aged and disability care and complements its existing holdings in banking, property and retirement living amid sector-wide margin pressure from rising labour costs.

Buyers
Australian Unity
Targets
myHomecare Group
Sellers
Quadrant Private Equity
Location
New South Wales, Australia
Transaction Type
Buyout

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