Bain Capital's $551m bid sends Estia Health shares to 5-year high

Bain Capital's $551m bid sends Estia Health shares to 5-year high

FILE PHOTO: REUTERS/Kim Kyung-Hoon

Global private equity firm Bain Capital will pay A$838 million ($551.3 million) for Australian aged care operator Estia Health, pushing the takeover target’s stock to a near five-year high in a sign that appetite for deals down under remains strong.