SYDNEY – May 26, 2026 – Bain Capital, a leading global private investing firm, today announced it has entered into an agreement to sell Australian aged care provider Estia Health to alternative investment firm Stonepeak. Financial details were not disclosed.
Bain Capital acquired Estia Health in December 2023. The company is one of Australia’s leading residential aged care providers, operating homes across New South Wales, Queensland, Victoria, and South Australia. It is driven by its purpose to enrich and celebrate life together, delivered through the provision of high-quality residential aged care services to older Australians.
During Bain Capital’s investment period, Estia Health has grown from 73 homes with approximately 6,720 residents to 93 homes and approximately 9,250 residents. More than 14,000 people are now employed across the business.
The firm’s investment in Estia Health has been led by Australian-based Partners Mike Murphy, Charles Lawson, and Grace Mollard.
“Bain Capital is proud of the partnership we have built with Estia Health and its outstanding management team. We are deeply appreciative of the trust that families place in the company to care for their loved ones. We wish the entire team every success as they continue their important work,” Murphy said.
“During our ownership, we have supported Estia Health to deliver high quality of care and have invested heavily to grow its footprint and expand access to care. The significant increase in both the number of homes and residents served reflects our conviction in the company’s mission and our commitment to making a genuine difference in the lives of older Australians and their families,” Lawson added.
“We are proud to leave Estia Health an even stronger and more resilient business than when we first partnered together. The company is exceptionally well positioned to continue to play a leadership role in a critical sector. We have great confidence in the team and in Estia Health’s ability to continue delivering for residents, families, and the communities it serves,” Mollard concluded.
The transaction is expected to complete in late 2026, subject to standard regulatory approvals.
Barrenjoey and Gresham acted as financial advisors to Bain Capital. Allens acted as legal advisors.
ENDS
About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We create lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a collaborative culture that enables us to innovate, unlock opportunity, and deliver strong outcomes. Our global platform invests across Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. Across these focus areas, we bring deep sector expertise and broad capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $225 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X.
