Property and construction giant Lend Lease
(ASX:LLC) has found a buyer for its thirty aged care facilities.
Private equity firm Archer Capital has picked up the assets for $270 million.
Lend Lease has declared the aged care homes – picked up in the Prime Life takeover of 2009 – were not core to its operations.
Archer has flagged a continuation of management, staff and quality of care.
Lend Lease last reported a $303 million net profit.
