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30 Apr 2024

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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...

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

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....

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

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 shareholder challenges $1.3 billion Swedish takeover 'on principle'
An experienced shareholder says it was not given adequate information to vote on the takeover of retirement village business Metlifecare.

A Metlifecare shareholder lodges notice of opposition in the High Court against the $1.3b takeover by a foreign investor
The foreign takeover of a big retirement village business faces more opposition.

Metlifecare suitor gets OIO consent as shareholder vote looms
A Swedish-based private equity firm is a step closer in its attempt to buy one of New Zealand's biggest retirement businesses having passed a key regulatory hurdle.Metlifecare, with a $1.2 billion market capitalisation, told shareholders...

Approval for contentious bid to buy retirement village operator Metlifecare
The Swedish company has proposed to buy the retirement village owner and operator for $6 a share - less than its pre-pandemic offer.

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.

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...

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...

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

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

The $1.3b overseas takeover of Metlifecare may be delayed
Local shareholder challenge to takeover may cause a delay to complete it.

A small Metlifecare shareholder fighting the $1.3b takeover cheered by big shareholder
The foreign takeover of a big retirement village business faces more opposition.

Metlifecare shareholder lodges opposition to $1.27b takeover
An objector wants to block Swedish giant EQT's $1.27 billion takeover of duel-listed Metlifecare after a majority of shareholders voted in favour of the deal on Friday.The retirement village company today issued a statement explaining...