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Innings has acquired Sue’s Home Care, a premium, clinically led home care provider that has spent more than a decade quietly supporting Australians to remain in their own homes as they age.
Founded over 12 years ago, Sue’s Home Care has grown organically through reputation and referral rather than promotion. The business is known for its registered nurse–led model, structured long-term care planning, and deep continuity of carers—an approach that prioritises dignity, stability, and trust for clients and their families.
For Innings, the acquisition reflects the culmination of a search focused on finding a business worth stewarding in the health space for the long term.
“Sue’s Home Care felt like a business that had been built the right way—patiently, clinically, and with real care for people,” said Ryan Ebert, Founder of Innings. “It’s exciting to be able to continue its legacy and support Australians to remain in their own homes in later life.”
Sue’s Home Care operates in Australia’s growing premium home care segment, serving a predominantly private-pay client base and benefiting from demographic tailwinds as more Australians choose to age in place rather than enter residential care.
The transaction was completed at an EV of approximately $12.2M, representing a ~5.5x EBITDA multiple. The acquisition was funded with a balanced capital structure, including approximately 40% leverage through debt financed by Commonwealth Bank, and includes a 15% earn-out designed to support alignment and continuity through the transition period. Twelve investors participated in the buyout, including, among others, SME Capital, Wayfinder, Scipio, The Kennys, Marc Bartomeus, the Hadley family office, and several HNW Australian investors.
Post-acquisition, Innings will operate with an initial focus on continuity of care, supporting carers and clinical leadership, and building on the culture that has underpinned the business’s success to date.
Over time, Innings intends to grow in this space thoughtfully, expanding access to high-quality home care in the premium market while staying true to the principles on which the business was built. The long-term ambition is to be one of Australia’s premium home care providers, without compromising care quality or culture.
“In care, trust compounds slowly,” Ebert added. “Our job now is legacy—continuing the innings that’s already been played, and making sure the next one is even stronger.”
Inspired by the ethos of cricket, Innings was founded to continue the innings of Australia’s great small and mid-sized businesses. With the acquisition of Sue’s Home Care, that philosophy moves from search to operation in a sector where doing things well truly matters.
Due diligence: Stannards / Legal: LawSquared
