TAH enters into conditional contract for Auckland clinic

4 August 2022

Third Age Health Services Limited (NZX: TAH) is pleased to announce it has entered into a conditional contract to purchase a majority interest in a medium sized general practice, based in Auckland. The acquisition is conditional on the completion of due diligence and TAH Board approval.

The practice provides comprehensive primary healthcare for its local community as well as servicing surrounding aged care homes. The acquisition forms part of the company’s strategy to further develop a model of healthcare for older people, which aims to deliver a consistent primary health care service for those residing in aged care and for people who choose to age in place.

Subject to TAH Board approval following due diligence, the proposed purchase price will be $1.9 million.

Authorised for issue by:
Tony Wai
CEO

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Announcement PDF