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Southern Cross Care scoops up Mornington Retirement Village
Russell Kennedy Lawyers and HWL Ebsworth have advised on an M&A deal which sees Southern Cross Care acquire The Mornington Retirement Village.
Emma Musgrave
Firms: Russell Kennedy Lawyers (Longevity Group Australia); HWL Ebsworth (SCC)
Value: Confidential
Area: M&A
Key players: The Russell Kennedy team was led by principals Rosemary Southgate, Wai Hwoon Low and Rohan Harris, with assistance from special counsel Rory Maguire and principal Libby Pallot.
Deal significance: In this matter Russell Kennedy advised Longevity on all aspects of the transaction, including the sale of land and business assets, as well as employee matters, a statement from the firm said.
“This deal is of interest as it indicates that there remains activity and opportunities for buyers and sellers in the retirement living market, despite prevailing economic and industry factors,” it added.
“In particular, for sellers, there remain significant advantages in transacting with charitable or not-for-profit buyers given taxation concessions available to them.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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