One of the country’s biggest retirement home operators,Aveo Group,faces a looming class action from residents and their families.
Shareholders in aged care operator Aveo have backed Canadian giant Brookfield's $1.27 billion offer,opening the door to its retirement from the local bourse.
Alex Waislitz has fired a broadside at retirement village operator Aveo’s independent directors saying he is “shocked” at their support of a “highly opportunistic” takeover bid.
Falling property values plunged the retirement living operator to a $213.4 million full-year loss.
Brookfield will have a clear run at Aveo Group after the struggling retirement village operator's board unanimously backed its buyout plan.
Buying the embattled retirement village owner would give the Canadian investment firm a sizeable chunk of Australia's aged care industry.
The global investment powerhouse has emerged as the mystery suitor behind a takeover bid for the troubled retirement village company.
Australia’s real estate slump has hit earnings at retirement village operator Aveo Group.
Aveo's shares soared 10 per cent amid chatter the group was being stalked by Hong Kong real estate group Gaw Capital Partners and another unnamed bidder.
Embattled retirement village operator Aveo is assessing several bids for a company buyout as it reported a half-year loss of $44.7 million.
The"poo jogger"and a media expose into the company's business model has not helped,but a downturn in the property market has really spooked investors.