Aged Care Placement

BUPA (UK) set to buy AMITY / Guardian

Beats Macquarie Bank and AMP Capital Investors

Friday, 28 September 2007 Reuters Finance SYDNEY

British health fund BUPA is set to buy aged care assets in Australia and New Zealand for about A$1.2 billion ($1.1 billion) from private equity firm CVC Asia Pacific, the Australian Financial Review reported.

BUPA was understood to have beaten Macquarie Bank Ltd (ASX: MBL.ax) and AMP Capital Investors (ASX: AMP.ax) to buy Amity, Australia's largest collection of health care assets, and New Zealand's Guardian Healthcare, the business daily said in an unsourced report.

CVC acquired Amity and Guardian as part of its purchase of the DCA Group last year.

The paper said the final sale price was unknown, although negotiations had been for a price of about A$1.2 billion.

A sale at that level would represent a strong profit for CVC, it said.

Source: Reuters Sydney

Aged Care Placement Information Directory

BUPA (UK) set to buy AMITY / Guardian

Beats Macquarie Bank and AMP Capital Investors