October 02, 2014 3:37 AM ET

Healthcare Providers and Services

Company Overview of Allity

Company Overview

Allity owns and operates residential aged care and independent living communities in Australia. It offers personal, respite, nursing, and dementia care services; and infection control, basic life support, occupational health and safety, and fire safety services. The company was founded in 2013 and is based in Melbourne, Australia.

Level 4/111

Cecil Street South

Melbourne, VIC 3205

Australia

Founded in 2013

Phone:

61 3 9291 1200

Fax:

61 3 9291 1248

Key Executives for Allity

Allity does not have any Key Executives recorded.

Allity Key Developments

Allity Reportedly Plans IPO

Allity owned by Archer Capital Pty Ltd. is thought to be mulling an initial public offering of its near $700 million business following the success of Japara Healthcare’s float. Banking sources said the success of the Japara float was expected to give Allity greater confidence to pursue a listing. Allity is thought to have slightly higher level of bonds on its balance sheet of between $300 million and $400 million following the ECH acquisition, but that is offset by a larger asset base.

Allity Reportedly To Buy Stockland's Nursing Homes

Allity is to reported to buy Stockland Development Pty Limited’s six nursing homes, which have 400 beds across four sites. Stockland is believed to be selling its aged-care assets because they are not core to its overall operation, and would likely reinvest the money into its development pipeline. Stockland declined to comment further on September 4, 2013.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 1, 2014
ECH Inc, Ten care centres and the Hillside Gardens retirement village of 24 units in South Australia
 

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