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22 Nov 2024

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Retirement villas opened in central Palmerston North
New villas complete the Palmerston North Metlifecare village.

Metlifecare to build $200m retirement village in Wanaka
Wanaka retirement options are set to increase significantly, major retirement village provider Metlifecare having just announced it will build a $200million premium retirement village at Three Parks.Metlifecare has bought 5.4ha...

Trust expands partnership with rest home and begins Palmerston North development
Metlifecare and Palmerston North Maori Reserve Trust's Ngata St development will add up to 43 independent-living villas to their existing facility.

Oceania Healthcare chief switches camp to Metlifecare
The new overseas owners of Metlifecare have brought in a new leader, Earl Gasparich, from rival Oceania, to run the operation.

Air NZ appoints new chief financial officer following resignation of airline veteran Jeff McDowall
Former Metlifecare CFO Richard Thomson will replace Jeff McDowall.

Metlifecare to repay $6.8m from wage subsidy scheme
Although the retirement village operator says it qualified for the scheme, it has determined repaying the wage subsidy is the right thing to do

Metlifecare to repay $6.8m wage subsidy
Retirement giant Metlifecare says it will repay the $6.8 million wage subsidy.The new board has issued a statement today saying it got the money in April.Paul McClintock, the chairman, said: "The whole Metlifecare team has done...

High Court gives green light to Swedish investor to buy Metlifecare for $1.3 billion
Swedish investor has all approvals now to buy one of our largest retirement village businesses for $1.3b

High Court hearing for the controversial $1.3b foreign purchase of retirement village business Metlifecare has been delayed a few days.
The High Court hearing to approve the takeover has been delayed a few days.

Metlifecare reports first half loss
Large retirement village operator Metlifecare has reported a first half loss as it invested for growth, while gains on the value of its portfolio fell 78 percent.

Metlifecare completes $1.25b refinancing deal
The retirement village operator's debt facilities were converted into a sustainability-linked loan tied to social and environmental goals.

Metlifecare makes $304.4m net profit in turnaround after loss, plans new $150m village
Delisted retirement giant Metlifecare has made a big profit turnaround due to revaluations and bought a 20ha site at Clevedon where the $4 billion business plans a $150 million village.Earl Gasparich, who replaced Glen Sowry as...

Metlifecare, Oceania Healthcare change leadership
Two of the country's bigger retirement village companies are changing leadership.

Ryman Healthcare to repay $14.2m Covid wage subsidy, move follows three others
New Zealand's biggest retirement village business, Ryman Healthcare, is repaying the $14.2 million wage subsidy.Today, the Herald asked chief executive Gordon MacLeod if his company would follow Summerset Group, Arvida and Metlifecare.Within...

Air New Zealand appoints Metlifecare's Richard Thomson as chief financial officer
Air New Zealand has appointed Richard Thomson, who has previously worked for the airline, as its next chief financial officer.Thomson has been CFO at publicly listed Metlifecare for the past three years after 13 years at the airline....

Metlifecare wage subsidy handback 'right thing to do'
Retirement village operator repays $6.8m.

Takeovers Panel states no objection to Metlifecare scheme
Metlifecare Limited (NZX: MET, ASX: MEQ) confirms that the Takeovers Panel has advised it intends to provide Metlifecare with a �no objection� statement with respect to the Scheme of Arrangement (Scheme) with Asia Pacific Village Group Limited

Metlifecare takeover: High Court approves $1.3bn offer despite opposition
The retirement village company is set to de-list from the local stock exchange, after the High Court gave its $1.3 billion takeover offer the green light.