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Healthcare NZ pays $51.9M for rival Geneva Healthcare, posts drop in profit

Healthcare NZ pays $51.9M for rival Geneva Healthcare, posts drop in profit

By Paul McBeth April 3 (BusinessDesk) - Healthcare of New Zealand Holdings paid $51.9 million to buy rival Geneva Healthcare, giving the country's biggest provider of homecare support a bigger share of the Auckland market where it was under-represented.  Wellington-based He...

Paul McBeth 03 Apr 2018
Evolve puts Porse unit on the market after strategic review

Evolve puts Porse unit on the market after strategic review

By Jonathan Underhill April 3 (BusinessDesk) - Evolve Education Group, which raised $132 million in a 2014 public offering to acquire and bundle a group of childcare and home-help businesses, has put its Porse in-home childcare business up for sale after a strategic review....

ICBC NZ becomes second Chinese lender to impair CBL loan, takes $10.2M provision

ICBC NZ becomes second Chinese lender to impair CBL loan, takes $10.2M provision

By Rebecca Howard April 3 (BusinessDesk) -  ICBC New Zealand has taken a $10.2 million impairment on a loan to CBL Corp, becoming the second Chinese lender to reveal exposure to the insurance group which is in voluntary administration. ICBC NZ's latest disclosure statement...

Rebecca Howard 03 Apr 2018