Estia Health is an Australian aged care operator floated by

Quadrant Private Equity Quadrant Private Equity (also simply known as Quadrant) is an Australian private equity investment firm based in Sydney, Australia. The company was founded as Quadrant Capital in 1996 by Chris Hadley. Quadrant hosts multiple investment funds ...

in December 2014 when it was valued at $725 million. It operates 69 facilities across Australia and is listed on the Australian Securities Exchange. The company lost about a sixth of its value in September 2018 when the government announced a public inquiry into misconduct in the aged care sector, following the

Australian Broadcasting Corporation The Australian Broadcasting Corporation (ABC) is the national broadcaster of Australia. It is principally funded by direct grants from the Australian Government and is administered by a government-appointed board. The ABC is a publicly-own ...

produced a two-part documentary focusing on alleged neglect and abuse of older people. It was founded by Peter Arvanitis. He resigned in 2016. In 2018 it had the largest proportion of women in its executive team. It acquired 4 residential aged care homes and 2 development sites worth more than $100m from Premier Health Care Group in 2022. They will add 409 resident places to their portfolio and two development sites could deliver a further 160-179.

References

{{reflist Companies listed on the Australian Securities Exchange Aged care in Australia Companies based in Sydney Health care companies of Australia

See also

References