Iwi group buys into major lab tests group

Fri, 05 Feb 2021

Iwi group Te Pūia Tāpapa has bought a stake in the laboratory testing services organisation covering about 75 percent of the population and which is owned by the New Zealand Superannuation Fund and the Ontario Teachers' Pension Fund.The latter two parties bought Asia Pacific Health Group in November last year from Australia-based Healthscope for $550 million.They have now sold 4 percent for an undisclosed sum to TPT, a group of 28 Māori iwi formed in 2018 and worth $115.5 million, and each will retain 48 percent. It is TPT's second co-i...

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