29 Nov 2019
Murray & Co acted as lead financial advisor to Christchurch businessman John Tooby (and related entities) on the sale of Golden Healthcare Group to Heritage Lifecare.
Golden Healthcare comprises seven aged care facilities and two adjoining retirement villages and was built up by John Tooby over the last 30 years.
Heritage Lifecare is majority-owned by Australian private equity firm Adamantem Capital. This acquisition makes Heritage the third largest aged care provider in New Zealand.
The transaction completed on 29 November 2019.