TAH confirms acquisition of 70% of Hub Aged Care

Third Age Health Confirms Acquisition of 70% of Hub Aged Care

Third Age Health Services Limited (NZX: TAH ) is pleased to confirm the completion of due diligence and Board approval for its acquisition of 70% of Hub Aged Care, a Wellington-based primary care practice specialising in aged residential care services. This marks an important step in our efforts to expand our elder care offerings in the Lower North Island.

The acquisition is expected to be completed effectively on 1 April, following the fulfilment of all conditions. We are also pleased to announce that one of Hub Aged Care’s general practitioners will remain as a co-owner, holding a 30% stake.

This acquisition aligns with Third Age Health’s strategic goals to enhance and expand our healthcare services for the elderly, ensuring they receive the highest standard of care. We look forward to the integration of Hub Aged Care into our network and the positive impact it will have on our services.

Third Age Health NZX Announcements - Confirmation of acquisition of 70% of Hub Aged Care

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

CHI - Completion of retail bookbuild
With more banks deserting New Zealand, the consumer suffers
MEL - Neal Barclay steps down in 2025, Mike Roan appointed CE
December 12th Morning Report
December 11th Morning Report
December 10th Morning Report
CHATHAM ROCK CLOSES PRIVATE PLACEMENT OF SHARES
CVT - Accounting irregularities impact prior periods
December 9th Morning Report
December 6th Morning Report