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
- Industry
- Healthcare Services
- Location
- New South Wales, Australia
- Transaction Type
- Buyout
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