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...
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 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 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...
The International Day of Older Persons is fast approaching! Every October 1st, the world comes together to celebrate the lives of our elderly generation, who make up 9% of the global population. Dedicated to our elders, to acknowledge their wisdom, experience, and contributions to society, it’s a day to give back to those who have given decades to us. International Day of Older Persons was officiated...
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 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...
OK, well maybe not that Florence and definitely not since 1820, but Radius Care, a leading aged care provider, recently debuted its new self-check-in kiosk. The digital device is obviously named after the founder of modern nursing, Florence Nightingale. This new digital Florence offers unique advantages to nurses over the traditional aged care check-in experience. The pandemic created overnight...
Radius Care’s residents and staff members look a lot like the New Zealand of today, a melting pot of cultures and nationalities. How our people celebrate the holidays provides a glimpse of our diversity, which extends beyond sparkling lights, pretty ornaments and swapping presents. Regardless of culture and faith, Radius Care’s staff work tirelessly to make the holiday season special for the...
Immobile 70yo had to be hoisted out of bed - but can now walk on her own. Janice McIvor suffered so badly after a serious fall, she couldn’t get out of bed and had to be hoisted into a chair. Now she can walk on her own again. Doctors told the 70-year-old she might never able to walk again after falling when getting out of a taxi several years ago – but the gym at her Radius Care home in...
