Investors

Radius Completes $19m Sale of Facility, Reduces Debt

17 January 2024 Radius Care (NZX: RAD) has completed the previously announced sale of the Arran Court care home, located in Te Atatu, Auckland. Net sale proceeds of $18.3m have been applied to repay existing ASB borrowings. Radius Care also announces that the ASB has agreed to amend the expiry date of the remaining $4.7m short term borrowings from 31 January 2024 to 1 November 2026, for...

Radius Care Delivers 50% Uplift in First Half Year Underlying EBITDA

27 November 2023 Radius Care Delivers 50% Uplift in First Half Year Underlying EBITDARadius Residential Care Limited (NZX: RAD) today announced its results for the sixmonths ended 30 September 2023, the first half of the FY24 year. Highlights:• Underlying EBITDA of $10.5m1, 50% up on comparative period and at the upperend of guidance issued to the market.• AFFO of $2.9m, 16% up on comparative...

Radius Glaisdale

Radius Announces Extension of $23m Bank Facilities

Radius Care (NZX: RAD) is pleased to confirm the extension of the $23 million bridge facilities withASB to 31 January 2024.Sale proceeds from the previously announced sale of the Arran Court facility will be applied torepay the majority of these facilities, representing significant progress in meeting the goals of thecompany’s debt management program. For further information, please contactAndrew...

Radius Arran Court

Radius Announces $19m Sale of Facility, Material Reduction in Debt Levels.

Radius Care (NZX: RAD) has signed an agreement to sell the Arran Court facility, located in Te Atatu, Auckland. The sale is for 100% of the business, including the freehold property. The sale proceeds are approximately $19.0m (net of sale costs), with settlement planned on 16 January 2024. The sale is conditional on ASB approval. The pending transaction is also conditional on the purchaser...

Radius Arran Court

Radius Care announces acquisition of currently leased properties

UCG Acquisition Radius Residential Care Limited (NZX: RAD) (Radius Care) today announced that it has entered into conditional agreements to acquire the land and buildings of four aged care facilities, currently operated by Radius Care with 342 care beds, from its landlord UCG Investments Limited (UCG) (UCG Acquisition). The properties which form part of the UCG Acquisition are: Radius Arran Court...

Radius Care Appoints New CEO

Radius Care Limited (NZX: RAD) is pleased to announce the appointment of Andrew Peskett as its new Chief Executive Officer (CEO), effective today, 1 February 2022. Andrew brings extensive experience in the retirement village and aged care industry, having previously been a senior executive at Metlifecare, a leading New Zealand retirement village operator with total assets in excess of $4 billion. After...

Meet the Board

Board of Directors Radius Care's Board currently comprises: Brien Cree Executive Chair Brien Cree has more than 30 years of experience in the aged care sector and is the founding shareholder of Radius Care. Brien has also been the Managing Director of Radius Care since the company’s inception in 2003. Brien has built Radius Care’s portfolio from the ground up to its current 23 aged care...

Successfully Completed: Radius Care’s Brand New 5-Acre Development In Timaru

Radius Care’s second village development, Elloughton Village, offers 54 architecturally designed retirement villas on 5.35 acres of private gardens and parkland bordering rural Timaru. The chalet style villas, with views out to the Southern Alps, are available with 1 or two bedrooms, starting from $390,000. The $24 million development project was designed by Foley Group, was delivered in three stages...

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