FURTHER GROWTH & EXPANSION AHEAD FOR RADIUS CARE

Aged care and retirement village operator Radius Care has applied to list on the New Zealand Stock Exchange (NZX) this week. The listing will see the company direct list on the NZX Main Board. No new securities will be offered to the public in conjunction with the listing.

Founder and Board Chairman, Brien Cree, said the company is pursuing a listing with a view to further growth and expansion of its product offering.

“We’ve built a very solid track record of providing excellent aged care across New Zealand with a particular focus on high acuity and specialist care. In addition, we have also developed two boutique retirement villages. The development and villages space is one of the areas where we want to grow, however, we will remain a care-focused business. We have clear plans and targets in place for the next five years and beyond.”

“I can’t wait to ring that bell on listing,” added Cree.

Established in 2003, Radius Care operates 22 aged care facilities and two retirement villages across New Zealand caring for over 1,700 residents.

Cree’s fellow Radius Care board members provide a breadth of both industry and listed company experience. They are Duncan Cook, Bret Jackson, Timothy Sumner, Mary Gardiner and Hamish Stevens.

Cree will continue as Managing Director and Executive Chairman, focused specifically on the formulation and execution of Radius Care’s next phase of growth. Stuart Bilbrough, Radius Care’s CFO between 2010 and 2017, returned in 2020 as CEO responsible for all day-to-day activities.

“It frees me up to set Radius Care’s strategy for growth and focus on expanding our offering in the aged care sector. We are very excited about the growth opportunities ahead of us.”