Stonepeak to buy majority stake in Estia Health
The Sydney-based operator runs more than 90 aged-care homes across four Australian states and cares for about 9,000 residents.
A Stonepeak-led consortium has agreed to acquire a majority stake in Estia Health, a Sydney-based residential aged-care operator, from Bain Capital.
Estia Health operates more than 90 homes across New South Wales, Queensland, South Australia and Victoria, caring for approximately 9,000 residents.
The business will become part of Volarae Living, Stonepeak’s social infrastructure platform in Australia and New Zealand, following Volarae’s February 2026 investment in Aura Holdings.
Axight Capital Limited is joining the transaction as consortium partner with a minority stake in Estia Health.
“I welcome the commitment to continuity for our residents, families and teams, and to ongoing investment in the capability of our people and systems so we can continue delivering high-quality care,” said Sean Bilton, CEO of Estia Health.
The transaction is expected to close in late 2026, subject to regulatory approvals.
Terms were not disclosed.