Healthcare, Education & Public

The retirement village operator says it will build another 650-700 homes across NZ and 100-150 in Australia this year.

Radius Residential Care Limited has entered into an agreement to acquire the business and assets of Karori Village care home from Metlifecare for $13.6m.

The govt says it wants to secure a large site as pressures increase across the region’s health system.

The investor ceases to be a substantial shareholder in the retirement village operator.

The healthcare specialist says the IRD decision will lift investor returns.

The Bone Marrow Cancer Trust has opened its 54 new Rānui Apartments near Christchurch Hospital.

The aged care company falls deeper into the red but says a turnaround programme is under way.

It is also spending about $10m on the final two stages of a programme to seismically strengthen the structure of the terminal.

NZ’s first Health Infrastructure Plan also introduces a new way of delivering large hospital projects.

The retirement village company says it is on track to build up to 730 homes across NZ and Australia in 2025.

Radius Residential Care Limited says it expects to release a “strong” set of FY25 operating results, due to robust trading during its final quarter.

Singapore investor AGP and New York-based investor Stonepeak’s Arvida get the go ahead for retirement village related property deals.

Summerset chief executive Scott Scoullar tells Garth Bray how the retirement village provider became New Zealand’s second-largest property developer.

Ryman Healthcare will pay back $275m in debt, plus $22m in fees, following its $1bn equity raise.

Health Minister Simeon Brown has officially opened the new East Building expansion at Manukau Health Park.

Construction has started on a new mental health facility at Hillmorton Campus in Christchurch.

The $39m Hawthorndale Care Village in Invercargill has officially opened.

Bupa Villages and Aged Care will launch a $17m redevelopment of its Te Puke Care Home.

Ryman Healthcare Limited says it has successfully completed the retail entitlement offer component of its $1bn capital raise.

The government is considering creating a new health infrastructure entity under Health New Zealand to manage and deliver physical and digital assets.

The government says it has taken action to address the inequitable state of school property and to ensure better outcomes for students. 

Ryman Healthcare has approximately $721m as of Monday, as part of its $1bn placement and entitlement offer.

The retirement village operator reports a record underlying profit $206.4m but says it is reviewing policies to address the funding gap.

Ryman Healthcare has opened the retail entitlement component of its $688m underwritten pro-rata accelerated non-renounceable entitlement offer.

Consumer NZ and the Retirement Village Residents Association (RVResidents) are calling on the Commerce Commission to take stronger action against retirement villages, particularly Metlifecare.

Trading in Ryman Healthcare Limited’s shares on the NZX resumed on Tuesday afternoon.

The government says the Public Works Act will undergo its most significant reform in nearly 50 years to help unleash an infrastructure boom.

The listed retirement village and rest home operator says it wants to release more than $500m in cash from the business over the next 3-5 years.

Associate Health Minister Casey Costello is traveling to Australia for meetings with the aged care sector in Melbourne, Canberra, and Sydney this week.

The government has approved funding for Wellington Girls’ College’s $100m redevelopment.