No new money as Radius Care prepares to list on NZX

Mon, 07 Dec 2020

Aged care provider Radius Care will list on the New Zealand stock exchange this Thursday with a plan to grow the business by developing new retirement villages but it won't raise money from the public. The company cares for 1,700 residents across 22 aged care facilities — of which it owns three and leases the rest — and two retirement villages. The company employs more than 1,500 people and was established in 2003.Founder and chair Brien Cree said Radius is listing as part of an effort to expand the business outside of its...

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