Metlifecare gets cash injection from parent

Metlifecare staff, including chief executive Earl Gasparich (third right), with Health Minister Shane Reti (third left). (Image: Jenny Ling)

Gregor Thompson

Thu, 19 Dec 2024

Retirement village and aged care provider Metlifecare has received a cash injection from its parent company. A particulars of shareholding notice on the Companies Office on Thursday showed Asia Pacific Village Group (APVG) increased its allocation by 107 million shares, or 30%. APVG, a subsidiary of Swedish global investment firm EQT, acquired the formerly listed company in 2020 for $1.3 billion.Metlifecare told BusinessDesk on Thursday the issuing of shares corresponds to investment from the parent. “EQT has provided...

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