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...

Unlock all stories free for 10 days

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

We won’t charge for 10 days. You can cancel anytime with two clicks, an email or a phone call. Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

You will be charged in 10 days unless you cancel beforehand.
We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Primary Sector

Reducing farm emissions is about future proofing: Nestlé

Dairy makes up 21% of Nestlé's scope 3 or 'on farm' emissions.

Rebecca Howard 5:00am

Property

Anglicans get permission to demolish Parnell lodge

The property is across the road from one of the most luxurious developments in NZ.

Oliver Lewis 5:00am

Anglicans get permission to demolish Parnell lodge

Technology

Business of Tech podcast: Rod Drury on his post-Xero life as NZ's fixer

Peter Griffin and Ben Moore 5:00am

Sponsored

Smart chargers don't just charge EVs

They also take the pressure off a stressed power network - We.EV

We.EV

Sponsored

Big change coming to insurance

Industry reset sees risk-based pricing coming for many homeowners.

VERO

More Health

News in Brief

Kiwibank director joins Evolution Healthcare as chair

Scott Pickering has been appointed chair of Evolution Healthcare and director of Fidelity Life.Evolution Healthcare is a private healthcare operator and Fidelity Life is New Zealand’s largest locally-owned life insurer.His position at Evolution Healthcare began on Monday and the...

Staff reporters 01 Jul 2024