Macquarie Capital Alliance Group (MCAG) - proposed merger with the Regis Group

Acquirer(s)

  • Macquarie Capital Alliance Group (MCAG)

Target(s)

  • Regis Group

Summary

Macquarie Capital Alliance Group's proposed merger with the Regis Group.

Market definition

The proposed merger has been considered in the context of local markets for the provision of aged care facilities.

Competition analysis

The ACCC considers that the proposed merger is unlikely to substantially lessen competition as:
- limited competitive overlap exists between the operations of the parties' aged care facilities, and in local areas where there is some overlap, the proposed merger would not remove a major competitor;
- the local markets appear to be highly fragmented and contain numerous substitutes; and
- the prices for the provision of aged care services may be constrained to some extent by government regulation.

Timeline

DateEvent
05/06/2007ACCC commences review under Merger Review Process Guidelines
15/06/2007Closing date for submissions from interested parties
26/06/2007ACCC announced it would not oppose the proposed acquisition.