Australia's Estia Health surges on sweetened $552m bid from Bain Capital

Australia's Estia Health surges on sweetened $552m bid from Bain Capital

FILE PHOTO: REUTERS/Kim Kyung-Hoon

Australia’s Estia Health on Wednesday said it intended to back Bain Capital’s sweetened takeover offer that valued the aged-care provider at A$826.8 million ($552.05 million), sending its shares about 19% higher to a near five-year peak.