Oceania shrinks footprint, prioritises balance sheet

New chief executive Suzanne Dvorak says the company is focusing on reducing excess stock. (Image: Supplied)

Fri, 22 Nov 2024

Oceania Healthcare is travelling at speed to rationalise its portfolio and reduce debt as housing market forces change. In half-year earnings to Sept 30, reported to the New Zealand Exchange (NZX) on Friday, Oceania announced it reduced its footprint across the country by divesting four aged care facilities.New chief executive Suzanne Dvorak said the company is focusing on reducing excess stock to support debt reduction, streamlining development and rebalancing its portfolio. “We are clear about near-term priorities and elements...

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