Private equity paid $746m for hospital group

Evolution Healthcare owns a raft of healthcare services in NZ. (Image: Evolution)

Mon, 19 Sep 2022

Private equity firm Pacific Equity Partners sold Evolution Healthcare – a portfolio of hospitals and clinics – for $746 million, documents released under the Official Information Act show. New Zealand assets in the portfolio included five major hospitals, two birthcare centres, specialist hospitals including Endoscopy Auckland, Shore Surgery and Quay Park in Auckland, and seven Evolve in-patient rehabilitation services.Evolution Healthcare is the second largest corporate hospital platform in New Zealand, and has more than 300 s...

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