Merger Announcement
Mainsheet is pleased to have advised on and supported the merger of Baptistcare and Global Care in Western Australia. The merger will provide increased market share and diversified services for Baptistcare, access to Baptistcare窶冱 expertise in aged care for Global Care residents, retirees and clients, and growth opportunities for Global Care staff.
This was achieved in particularly tough times, affected by Covid-19 challenges impacting management and staff from both parties. In proving that where there is a will there is a way, both organisations worked through these challenges, came up with innovative solutions to the inevitable due diligence hurdles during lockdown and worked tirelessly to make the transaction work for both sides.
Mainsheet worked closely with Russell Bricknell and the Baptistcare management team to identify, select and approach Global Care for this transaction as an great fit for Baptistcare窶冱 growth aspirations. Mainsheet and the Baptistcare team and Board also worked together through due diligence, transaction negotiations and integration planning. Through the interactive process, we also worked with Global Care窶冱 CEO Krystal Laurentsch and her team to manage this intensive but exciting period.
We would like to thank all involved for a positive experience during testing times and wish the combined organisation great success in the future!