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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...
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
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...