25 August 2025
Third Age Health Services Limited is pleased to advise that its acquisition of an 80% stake in ARC Health Limited (ARC Health) is now unconditional.
ARC Health provides medical services to aged residential care facilities in the Canterbury region and will operate as a bolt-on to Third Age Health’s existing Aged Residential Care (ARC) business.
The total consideration for the 80% stake is $1.12 million, of which $280,000 is deferred for 12 months. The acquisition is expected to be funded from cash reserves, and completion is scheduled for 1 September 2025.
Authorised for release by:
John Fernandes
Chairman
[email protected]
Seven companies reported on Monday.
Property for industry is trading at a 50-cent discount to the net value of its assets.
Revenue rose 7% to $1.014 billion.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details