$18mln payday for Rural Women NZ in sale to Green Cross Health

Sun, 16 Nov 2014

By Jonathan Underhill Nov. 17 (BusinessDesk) - Green Cross Health has agreed to pay around $18 million for Access Homehealth, a not-for-profit home healthcare services company owned by a grass-roots charitable organisation, Rural Women New Zealand, which will gain representation on the Green Cross board as part of the deal. The purchase will add to earnings immediately, said Green Cross, formerly known as PharmacyBrands and the owner of the Life Pharmacy and Unichem pharmacy chains. Access has annual sales of about $85 million and employs...

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