Acquirer(s)
- Prime Retirement and Aged Care Property Trust (Prime Trust)
Target(s)
- Babcock & Brown Communities Group
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.Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Review Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
ACCC announced it would not oppose the proposed acquisition. |