Bupa won’t say if NZ aged-care sale is off

Bupa ANZ chair Bryan Mogridge refused to comment. (Image: Bupa)

Tue, 18 Oct 2022

Bupa ANZ Group has refused to comment on reports that its New Zealand aged-care business has been withdrawn from sale for lack of a willing buyer.The news came the same day Ryman Healthcare said it is reducing care beds at its new villages by between half and two-thirds because of inadequate government funding for aged care.The Australian newspaper reported that the most logical buyer of the Bupa NZ business, Sweden-based EQT, isn’t keen to pursue the purchase.Bupa had hired merchant bank Macquarie Capital to test buyer interest in the NZ...

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