Prime Retirement and Aged Care Property Trust (Prime Trust) - proposed acquisition of 40% interest in Babcock & Brown Communities Group
Type of assessment
Informal Review
Reference
34064
Acquirer(s)
Prime Retirement and Aged Care Property Trust (Prime Trust)
Target(s)
Babcock & Brown Communities Group
Industry
Retirement and aged care
Outcome of assessment
Not opposed
Total review days *
16
Commenced public review
19th September 2008
Date completed
10th October 2008
Market definition
The proposed acquisition was considered in the context of local markets for the provision of aged care facilities.
Competition analysis
The ACCC considered that the proposed acquisition was unlikely to substantially lessen competition as a number of alternative providers of aged care facilities operate in the local regions where the merging parties' facilities overlap.
Review timeline
Date
Event
19th September 2008
ACCC commenced review under the Merger Review Process Guidelines.
3rd October 2008
Closing date for submissions from interested parties.
10th October 2008
ACCC announced it would not oppose the proposed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
