Estia Health agrees to $838 million takeover offer by Bain and Co
Aged care homes specialist Estia Health (ASX:EHE) has entered into an agreement with Bain and Co for an $838 million takeover via a scheme of arrangement.
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Stock Snippets: VEA, EHE
Among the stories doing the rounds during Wednesday’s ASX trading session were these two from Viva Energy and Estia Health.
Read MoreEHE – UBS rates the stock as Neutral
The FY20 update was in line with UBS expectations, with a non-cash impairment charge of $124-148m to be taken in the results.
Read MoreEstia Health Backtracks On COVID Breakout
Nursing home operator Estia Health was forced yesterday to backtrack on an investor update in which it claimed none of its residents had contracted coronavirus after 13 tested positive at one of its facilities in Melbourne’s western suburbs. It took two updates, a trading pause, and a halt to get the story straight to the ASX.
Read MoreEstia Health Keeps Virus At Bay
Estia Health shares climbed more than 5% on Monday after the aged care home operator released an encouraging COVID-19 update.
Read MoreoOh!media, Estia Health Shares Slump On Withdrawn Guidance
oOh!media shares continued to slide yesterday in the wake of its Monday announcement to drop its earnings guidance for the time being. Estia Health is another company to withdraw its current earnings guidance because of the impact – real and probable of COVID-19.
Read MoreWarning Bells: Estia Health, McMillan Shakespeare, Boral
A bit of truth-telling ahead of the long Christmas break with more pain at Boral while Estia Health has warned that it now expects lower earnings for the 2019-20 financial year as has salary packaging and car leasing group, McMillan Shakespeare.
Read MoreAged Care Moves Into The RC Spotlight
The Commonwealth government is proposing an inquiry into the Australian aged care sector and brokers suspect that prospect, and negative media coverage, will impact on listed stocks.
Read MoreClouds Gather Over Aged Care Stocks
The unexpected announcement of a royal commission into the aged care sector has investors worried with suggestions the finding could be similar to that of the inquiry into the financial services sector.
Read MoreEstia Unveils Cap Raising
Aged care operator Estia Health (EHE) has joined the likes of QBE, Metcash (MTS) and Qantas (QAN) in stinging shareholders in a backs to the wall capital revamp.
Read MoreEstia Confirms Revised Outlook
Estia Health (EHE) shares have jumped nearly 6% to $3.03, their highest in six weeks, after the embattled aged-care operator reaffirmed earnings guidance.
Read MoreEstia Downgrades, Flags Asset Sale
Aged care provider Estia Health saw its shares lose more than 6% yesterday as it confirmed market fears of an earnings and revenue downgrade after going into a trading halt on Wednesday.
Read MoreEstia Enters Trading Halt
Shares in troubled aged care group Estia Health (EHE) went into a trading halt yesterday pending the release of information about the company’s first quarter.
Read MoreEstia Turmoil Claims CEO
So where will the shares in Estia (EHE), the struggling aged care group, go this week after an eventful Friday?
Read MoreAged Care Stocks Find Much Needed Respite
Meanwhile those mangled aged care operators got some respite from the selling wave of the past few days yesterday.
Read MoreEstia Growth Story Ages
Aged care operators took a pounding yesterday in a horror day for the sector, spreading from last week’s victim in chief, Estia Health (EHE).
Read MoreEstia Falls Short
Investors ignored the 16% rise in June 30 profit reported yesterday by Estia Health (EHE), one of the country’s largest aged care operators, and instead focused on a number of guidance misses in earnings.
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