Subscribe today - find out more
Why you should consider BusinessDesk
Property

Sale or float? Heritage Lifecare owner mulls options

Jenny Ruth
Tue, 07 Sep 2021

Chief executive Norah Barlow has experience of floating aged-care assets. (Image: Supplied)
Jenny Ruth
Tue, 07 Sep 2021
Australian private equity firm Adamantem Capital has confirmed it is looking at options for aged care provider Heritage Lifecare and has appointed advisory firm Gresham to assist.Adamantem typically holds investments for three-to-five years and has controlled Heritage since April 2017 when it bought 79% of the business and a year later it gained Overseas Investment Office approval to lift its stake to 100%.However, a spokeswoman said the review is in its early stages and no decisions have been made.The initial purchase valued Heritage at $115 m...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Coronavirus
400 trainee pilots allowed into NZ
Brent Melville | Sat, 23 Oct 2021

Pilot trainees will make up 40% of the latest cohort of international students allowed in from mid-2022, with an assumption that tight border rules will still be in place.

Technology FREE
Review: NuraTrue, the earbuds that listen to you
Henry Burrell | Sat, 23 Oct 2021

Personalised audio at a relatively affordable price point. It's a winning combination.

On the Money
On the Money: IRD's rich list, Damian O'Connor's FTA in MIQ, and more
Rebecca Stevenson | Sat, 23 Oct 2021

OTM this week: what does Inland Revenue consider rich, why was Damian O'Connor absent from the FTA celebrations, which new car is triggering FOMO amongst the Remuera Tractor set, and more.

Sponsored
Decarbonising infrastructure – navigating an abundance of policy and analysis

We have a rare opportunity to align significant public infrastructure investment with urgent climate change reform, but time is short and we all need to act.

Sponsored
Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.