Estia IPO: good for Quadrant, not for you

Despite Japara Healthcare Limited (ASX: JHC) and Regis Healthcare Limited (ASX: REG) suffering share price falls since listing earlier this year, investors still think they can cash in on aged-care floats. Private equity group Quadrant floated Estia Health Limited (ASX: EHE) last Friday. The shares listed at $5.75 before falling 18% and recovering slightly to $4.80. As usual, the only winner here seems to be Quadrant. Quadrant initially invested in Estia in October 2013 before greatly expanding the business in July 2014 through the acquisition of unlisted aged-care operators Padman and Cook Care. Quadrant’s original investment in Estia totaled $90m....

Despite Japara Healthcare Limited (ASX: JHC) and Regis Healthcare Limited (ASX: REG) suffering share price falls since listing earlier this year, investors still think they can cash in on aged-care floats. Private equity group Quadrant floated Estia Health Limited (ASX: EHE) last Friday. The shares listed at $5.75 before falling 18% and recovering slightly to $4.80.

As usual, the only winner here seems to be Quadrant. Quadrant initially invested in Estia in October 2013 before greatly expanding the business in July 2014 through the acquisition of unlisted aged-care operators Padman and Cook Care.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles