Iwi group buys into major lab tests group

Staff reporters
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
A2 shares plunge over FDA formula deferral
Staff reporters | Wed, 10 Aug 2022

A2 shares dropped 11% to $5.01 in early morning trading opened but made up a bit of lost ground by the end of the day.

Tourism needs to 'embrace' job-sharing to spur recovery – report
Brent Melville | Wed, 10 Aug 2022

An industry that lost more than a third of its workforce during the pandemic needs to start thinking differently about work sharing.

Primary Sector
A2 Milk gets shot down because of issues in application
Rebecca Howard | Wed, 10 Aug 2022

The FDA continues to work around the clock to address current supply challenges, including reviewing a number of requests from manufacturers for enforcement discretion, as quickly as possible, a spokesperson said. 

A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.

Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).