Estia Health

Estia Health is an Australian aged care operator floated by Quadrant Private Equity in December 2014 when it was valued at $725 million.[1]

It operates 69 facilities across Australia and is listed on the Australian Securities Exchange. Of 200 largest listed companies in Australia it has the largest the proportion of women in its executive team - six women out of nine positions.[2]

It was founded by Peter Arvanitis. He resigned in 2016.[3]

It opened a 1950s Diner Style Café with a jukebox at its Victor Harbor facility in 2018.[4]

The company lost about a sixth of its value in September 2018 when the government announced a public inquiry into misconduct in the aged care sector and the Australian Broadcasting Corporation produced a two-part documentary focusing on alleged neglect and abuse of older people.[5]

References
  1. Dunn, James (16 June 2017). "Lessons for participating in private equity floats". NAB. Retrieved 20 May 2018.
  2. "PepsiCo's top executive team becomes majority female 'by default'". Sydney Morning Herald. 11 October 2018. Retrieved 2 November 2018.
  3. "Estia Health founder Peter Arvanitis resigns as director". Australian Financial Review. 31 August 2016. Retrieved 2 November 2018.
  4. "New 1950s style cafe opens at Estia Health". Victor Harbor Times. 11 September 2018. Retrieved 2 November 2018.
  5. "Australian care providers for aged hit by inquiry". Financial Times. 17 September 2018. Retrieved 2 November 2018.
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