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Forsyth Barr initiates coverage on Radius
Forsyth Barr have initiated coverage on Radius Care. To read the report, please click the link below: Radius Care Aged Care focus drives superior returns 2024
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Radius Completes $19m Sale of Facility, Reduces Debt
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 […]
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Radius Care Delivers 50% Uplift in First Half Year Underlying EBITDA
Radius Care Delivers 50% Uplift in First Half Year Underlying EBITDA Radius Residential Care Limited (NZX: RAD) today announced its results for the six months 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 upper end of guidance issued to […]
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Radius Announces Extension of $23m Bank Facilities
Radius Care (NZX: RAD) is pleased to confirm the extension of the $23 million bridge facilities with ASB to 31 January 2024. Sale proceeds from the previously announced sale of the Arran Court facility will be applied to repay the majority of these facilities, representing significant progress in meeting the goals of the company’s debt […]
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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. […]
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Simple ways to make your loved one feel special this International Day of Older Persons
The International Day of Older Persons is celebrated every October 1st, when the world comes together to celebrate the lives of our elderly generation, who make up 10% 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 […]
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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 […]
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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 […]
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Florence, letting Nurses focus on Nursing since 1820
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. […]
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