Business
Estia Health (ASX:EHE) share price jumps 7% to new 52-week high
The Estia Health Ltd (ASX: EHE) share price has jumped 7.5% higher in today’s trade. Shares in the Aussie aged care operator have finished the week on a good note by climbing to a new 52-week high.
Why is the Estia Health share price surging?
Shares in the Aussie aged care operator have surged 7.5% higher despite no new announcements from the ASX company since February.
One factor that could be driving the aged care operator is actually what’s happening to a rival, Japara Healthcare Ltd (ASX: JHC). The Japara share price shot 25% higher today after receiving a takeover proposal valued at $1.04 per share.
Not-for-profit group Cavalry Health Care has today lobbed a takeover offer at Japara. Cavalry is proposing to acquire all…
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