SummaryRetirement Care Australia Pty Ltd proposed acquisition of aged care facilities from the Moran Group of Companies. RCA is a wholly owned subsidiary of the Macquarie Capital Alliance Group.
Market definitionThe ACCC assessed the impact of the proposed acquisition on both the broad national market for accommodation facilities for senior citizens and the more narrow regional markets for aged care facilities.
Competition analysisThe ACCC concluded that the proposed acquisition would not be likely to result in a substantial lessening of competition, having regard to the post-acquisition market share of RCA, the fact that barriers to entry appeared to be low and the relevant markets highly fragmented, with substitutes readily available.
The ACCC decided not to oppose the proposed acquisition.