Radius Care buys Karori Village from Metlifecare for nearly $14m

1st April 2026 By Staff Reporter | news@propertyticker.co.nz | @propertyticker

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.

Karori Village is a 90-bed care home at 29 Messines Road in Wellington that provides hospital and dementia level care.

Radius Care said the transaction expands its national footprint and supports the delivery of high-quality aged care services across New Zealand.

“The acquisition of Karori Village supports Radius Care’s focus on high quality, high acuity care across New Zealand,” Radius Care executive chair and founder Brien Cree said.

“We’re proud to welcome the residents and staff of Karori Village into the Radius Care family.”

Chief executive Andrew Peskett said the acquisition will become Radius Care’s 25th care home and establishes the company’s presence in one of Wellington’s most prestigious suburbs.

“It is a further step in Radius Care’s measured growth as a health services provider, reflecting a continued focus on acquiring large well located care homes,” Peskett said.

“Settlement is expected to take place in late May 2026 and the acquisition price will be funded through core debt facilities.”

The company added that the transaction will be immediately accretive to its FY27 net profit after tax and the agreement to acquire Karori Village is conditional only on the usual regulatory approvals.

Radius Care was founded in 2003 and listed on the NZX in December 2020.

It operates 24 aged care facilities, of which it owns 12 and leases 12, and employs more than 2,000 people.