Processing timeline
25
days
Acquirer(s)
OHCA PROPERTY HOLDINGS PTY LTD ABN - 70 675 807 477, DPG SERVICES PTY LTD ABN - 38 090 007 999
Target(s) or Vendor(s)
GREENWICH PLACE PTY LTD ABN - 45 000 706 249, GREENWICH CARE PTY LIMITED ABN - 96 613 786 682, STAMEN GREENWICH PROPERTY PTY LTD ABN - 82 613 786 182
Other parties
None listed
Opal Healthcare (DPG Services Pty Ltd and OHCA Property Holdings Pty Ltd) is acquiring Greenwich Place, a 90-bed residential aged care home in Greenwich, Sydney. This asset acquisition in Aged Care Residential Services involves DPG Services Pty Ltd acquiring the business and OHCA Property Holdings Pty Ltd the land.
DPG Services Pty Ltd ( DPG ) and OHCA Property Holdings Pty Ltd ( OHCA ) (being related bodies corporate, and together referred to as Opal Healthcare) propose to acquire the land, assets and business comprising the Greenwich Place residential aged care home located in Greenwich, Sydney ( Greenwich Place ) ( Acquisitio n). DPG is a registered provider of approved residential care homes and owns and operates 145 residential aged care homes across New South Wales, Victoria, Queensland, Western Australia and South Australia. Greenwich Place is a privately-owned, single approved residential care home with 90 beds, located at 33 Greenwich Rd, Greenwich in New South Wales. Greenwich Place provides the services required under the Aged Care Act 2024 (Cth), including permanent care, respite care and palliative care. The Acquisition will involve: DPG acquiring the assets comprising the Greenwich Place business from Greenwich Place Pty Ltd, Greenwich Care Pty Limited and Stamen Greenwich Property Ltd; and OHCA acquiring the land on which Greenwich Place is operated from Stamen Greenwich Property Pty Ltd. There is a competitive overlap between Opal Healthcare’s activities and the activities of the target, Greenwich Place, in Sydney.