After unsuccessful negotiations between the owner and several prospective purchasers who had approached them directly, we were employed to execute a successful off-market transaction. Negotiations included post-sale operational matters, such as providing meals and laundry services to the residents from an offsite third party.
Challenge
Nestled in the Adelaide Hills, Andrewartha Aged Care — a small facility with residents in situ — was experiencing operational difficulties and wanted to divest from residential aged care. The facility didn’t have a commercial kitchen or commercial laundry and required significant capital expenditure.
Solution
We ran a unique invitational off-market campaign, utilising our extensive database of Aged Care buyers, both locally and nationally, to generate exposure and create competitive tension.
Result
Amicum achieved an excellent result, successfully selling the facility to a publicly listed operator who was looking to grow their portfolio. Part of the negotiations included post-sale operational matters, including providing meals and laundry services to the residents via an offsite provider. The whole campaign was concluded in an efficient and timely manner.