Oceania aged-care business planning IPO, in talks with investors

Wed, 03 Dec 2014

By Suze Metherell Dec. 4 (BusinessDesk) - Oceania Healthcare is on track for an initial public offering in early 2015, but the Macquarie Group managed aged-care operator's chief executive, Earl Gasparich, says he's also in talks with private investors and funds. The Auckland-based company is seeking new capital to develop prime brownfield sites in Auckland, Tauranga and Nelson, Gasparich told BusinessDesk. That could be through either an IPO, which was first touted in July, or by way of a trade sale. He declined to name prospective bidder...

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