Heritage buys Golden Healthcare; not mystery Metlife suitor

Jenny Ruth
Wed, 20 Nov 2019

Heritage Lifecare has bought the Golden Healthcare Group in Christchurch for an undisclosed sum to make it New Zealand's third-largest aged care provider.The acquisition brings seven new aged care homes and two adjoining villages into the Heritage portfolio, taking Heritage's total to 49 homes and retirement villages and making it the largest operator behind Bupa and Ryman Healthcare.Heritage chief executive Norah Barlow says the purchase is "a very, very lucky investment that we're very pleased to have" and that the Golden Healthcare facilitie...
Retail
Ardern hints at mandatory contact tracing for businesses
Victoria Young | Wed, 15 Jul 2020

Prime Minister Jacinda Ardern today warned businesses to encourage contact tracing or she might force it upon them. “My message to businesses is to put that poster up. We’ve always said it was volu...

Economy
GAVIN EVANS: Southland jobs sacrificed to confused energy policy
Gavin Evans | Wed, 15 Jul 2020

The 2,600 jobs to be sacrificed in Southland next year are a high price to pay for confused energy policy and a multi-decade decline in this country’s economic ambitions. Despite the writing being...

Infrastructure
Napier Port quarterly freight volumes slide
Gavin Evans | Wed, 15 Jul 2020

Freight volumes through Napier Port have rebounded from their April trough but remain below year earlier levels. The company, which in May cancelled its interim dividend given the uncertain outlook...