Evolution values latest rehab buy at $29.5m

Evolution also sold its Sydney property. (Image: Getty)

Thu, 28 Dec 2023

Evolution Healthcare valued its latest acquisition at $29.5 million as it added North Island brain trauma and stroke rehabilitation services provider ABI Rehabilitation to its stable. The private hospital operator signed a deal to buy 100% of the shares of ABI Rehab on Sept 1, with the consideration payable based on the $29.5m enterprise value. Of the price to be paid, 60% is upfront and the rest will be deferred, according to Evolution’s latest financial statements lodged with the Companies Office. The acquisition was quie...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Sport

The Picklr franchise serving up six indoor clubs

The Picklr is planning to open 50 clubs in Australasia.

John Anthony 5:00am

Economy

Gas insider explains energy pain and solutions

Find more energy or face ongoing deindustrialisation, says GIC.

Ian Llewellyn 5:00am

Gas insider explains energy pain and solutions

Health

Bank breach and books blunder spur PWL rebuild

Management discovered the error in 2024, which involved double-counting inventory.

John Anthony 5:00am

Bank breach and books blunder spur PWL rebuild

Sponsored

The smarter way to invest in infrastructure

The global infrastructure ETF listed right here on NZX.

Blackrock, Smart Invest

Sponsored

How three bold campaigns turned creative risk into ROI

“Brand and performance aren’t opposites – they’re teammates. When they work together, you get compound growth.”

YoungShand

More Services

Markets Analysis

Assessing Spark's datacentre deal with PEP

Could Spark be paying special dividends before the end of the decade?

Pattrick Smellie 13 Aug 2025

Services

Food Chain report shows $9m owing

More than $9.1m is owing in the liquidation of food supplier Food Chain, the first report in the insolvency shows. The company, which has ceased trading, had approximately 60 staff, and is also in receivership. The first liquidators' report of Adam Botterill and Damien Grant...

Staff reporters 11 Jul 2025