Australian aged-care provider Estia Health receives $517m bid from Bain Capital

Australian aged-care provider Estia Health receives $517m bid from Bain Capital

FILE PHOTO: REUTERS/Kim Kyung-Hoon

Australian aged-care provider Estia Health Ltd said on Friday it received a non-binding buyout proposal from U.S. private investment firm Bain Capital for A$775.1 million ($517.77 million), sending its shares to an over 3-year high.