My Care Solution Sale to Healthcare Australia

Transaction specialists Kain Lawyers is delighted to announce its legal advisory role in the successful sale of My Care Solution to Healthcare Australia (HCA). This acquisition marks a significant milestone for the Australian aged care sector.

My Care Solution has ranked highly in this year’s AFR Best Places to Work survey and employs 200 carers who visit older Australians in their homes. HCA, which is owned by Sydney-based venture capital firm Crescent Capital Partners, is one of Australia’s largest diversified healthcare providers.

The Kain Lawyers team was led by Director Gerry Cawson and Associate Director Sam Christie.

Mr Cawson said the landscape continues to provide opportunities for service providers in the healthcare and aged care industries to attract capital and achieve wonderful outcomes in selling their businesses.

“The aged care and healthcare sectors continue to attract attention of private capital providers who are keen to put their capital to work in consolidating what has historically been a fragmented provider market. Our team was delighted to help the owners of My Care Solution to navigate the complexities of their sale to HCA, one of the largest private equity-backed providers in the industry,” said Mr Cawson.

With an active workforce of approximately 15,000 healthcare workers and clinicians, HCA operates nationwide, serving public and private hospital groups, residential aged-care facilities, and Australians in their homes.

Mark McBriarty, My Care Solution executive director and founder, commented: “We had no hesitation in working with Kain Lawyers for our sale. They have a wonderful reputation of practical and pragmatic advice and worked seamlessly with our other advisers to protect our interests and get the deal done”.

The transaction, which took effect on May 1, 2024, saw HCA acquire 100% ownership of My Care Solution.

Read Australasian Lawyer article here.