The Australian is reporting the aged care operator has been fielding offers from private equity firms that could result in the group being sold for up to $300M.
They state private equity player Bain Capital approached the family-owned business about a potential buy-out, but Bain is denying this.
The US-based firm recently tried to buy cancer radiology group GenesisCare but missed out to China Resources which paid $1.7B in July. It also purchased childcare company Only About Children in August.
Craigcare has around 900 beds across its six aged care facilities and one retirement village in WA and VIC, with an estimated value of between $100M and $300M.
