NZ rich-lister buys 10% stake in Radius Care

Berridge Spencer's investment vehicle is getting into aged care. (Image: Supplied)

Tue, 04 Jun 2024

A company owned by rich-lister Berridge Spencer has taken a stake in aged-care provider, Radius Residential Care.In a statement to the New Zealand Exchange (NZX) on Tuesday, Windhaven Care Holdings, part of private equity company Windhaven Investments, said it had spent more than $3.6 million for a 10.6% slice of the company at $0.12 a share.Radius shares were up 8% to $0.135 on Tuesday on light volumes.Windhaven is one of several Clime Group subsidiaries owned by Spencer, son of the late John Spencer.Windhaven chief executive Ben Unger told Bu...

Subscribe to BusinessDesk

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

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

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].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

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 }}

Retail

Retail outlook 'tough and unpredictable': Warehouse Group

The group's operating earnings dropped from $28.9 million to $1.3m.

Gregor Thompson 11:29am

Primary Sector

Mohawk Industries looks to take Bremworth private

A strategic review was kicked off in February under its previous leadership.

Riley Kennedy 9:20am

Mohawk Industries looks to take Bremworth private

The Quiz Free

QuiznessDesk, Thursday, Oct 02

Can you get them all correct without cheating?

The Quizmaster 9:15am

Sponsored

Fiji’s exclusive side revealed

Private islands and 5-star luxury, closer than you think.

Tourism Fiji

Sponsored

The double edge of AI in cyber security

Artificial intelligence has the potential to become both a lifeline and a liability for modern organisations, as a revolutionary tool capable of spotting threats at lightning speed, but also the ultimate weapon in the hands of cybercriminals.

Spark