Acquisition of two premium villages

Mon, 09 May 2022

Oceania Healthcare Limited has announced the acquisition of two premium villages, a greenfield development landbank and a $500m banking facility.

The acquisitions are expected to deliver strong accretion to underlying earnings per share in FY2023 and are funded by existing debt facilities.

Oceania is committed to increasing its annual build rate to circa 300 units to provide critical infrastructure for New Zealand’s ageing population.

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