Advent 6 has invested in W&L Holdings (W&L), one of Australia’s largest providers of allied health services to the aged care sector. W&L services over 200 residential care facilities nationally and offers physiotherapy, occupational therapy, podiatry, speech pathology, dietetics, consultancy and educational services.
Advent was attracted to the business due to its market positioning and strong clinical and operating systems and processes. The investment provides W&L with access to capital for continued organic expansion in the areas of residential aged care, ageing in the home and disability services. Through the partnership with Advent, W&L will also seek to expand in other high-growth adjacent markets and selectively pursue acquisitions.
W&L continues Advent’s successful tradition of healthcare investments. Previous healthcare investments include GenesisCare, Primary Healthcare, Cochlear, and most recently, Integral Diagnostics.