MinterEllison advised Aveo in this strategic acquisition of Freedom Aged Care last week, with a team led by M&A partner Gary Goldman and head of the firm's Retirement Villages practice Robin Lyons.

 

Goldman said "We have seen strong M&A momentum across the entire retirement and aged care sector and believe we are likely to see increased foreign and domestic investment interest".

For some time Robin Lyons has been explaining to clients that the positioning of care in the retirement village offering generates new risks for retirement village operators.

Freedom operates under the Retirement Village Act but provides 24/7 care support. Demonstrating Lyons concerns he called in Minter’s health & ageing partner Penelope Eden (pictured) to work on the acquisition by Aveo.