Recipes and Stuff

Recipes, Food, Health, Lifestyle, and News

Menu
  • Industry News
  • Cakes
  • Soups
  • Vegan lifestyle
  • Indian recipes
  • Desserts
  • Blog
  • About
Menu

Third Age Health acquires Ponsonby Medical Centre

Posted on February 24, 2022February 24, 2022 by Kiran

AUCKLAND: Third Age Health Services Limited (NZX: TAH) has signed a Sale and Purchase Agreement to acquire the assets and business of Ponsonby Medical Centre. The acquisition is expected to be settled 31 March 2022.

Ponsonby Medical Centre is an established Cornerstone Accredited general practice serving people living and working in Ponsonby, St Marys Bay, Freemans Bay and Grey Lynn and has been providing comprehensive medical care to the central Auckland community for over 20 years.

The current GP owners will remain part of the clinical team, along with nursing and administrative staff, and together they will continue to provide quality medical care to the approximately 4,000 patients enrolled in the practice.

Ponsonby Medical Centre is the second general practice purchase for Third Age Health in Auckland following Belmont Medical Centre in late 2021. Along with Hawkes Bay Wellness this brings our family of general practices to three and is part of the organisation’s strategy to provide sustainable primary healthcare services for our aged residential care (ARC) partners across New Zealand.

CEO, Tony Wai says, “We are thrilled to be adding Ponsonby Medical Centre to our family of practices as there is an experienced clinical team in place providing quality family healthcare to the local community. This will also enable us to provide high quality healthcare for the growing number of older people living in the central city area.”

 “The integration of general practice into our operating model is key in helping us build capability and resilience around workforce and enables us to provide continuity of care and a more comprehensive service offering for our Aged Residential Care facility clients as well deliver quality care for the general population enrolled with the practice.”

The acquisition is expected to contribute around $1 million dollars in annualised group revenues and $0.13 million to $0.17 million in annualised earnings before interest and tax. With the acquisition settling on the last day of this financial year, this contribution will not impact the group earnings until the next financial year.

Recipes-Stuff

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Decadent Dairy Milk Cake
  • Ferrero Rocher Cake
  • Blueberry Cheesecake
  • Tyson Foods acquires Williams Sausage Company to boost its product portfolio
  • How to Use Spices to Add Flavor and Variety to Your Dishes
  • Blog
  • Cakes
  • Desserts
  • Indian recipes
  • Industry News
  • Recipes
  • Soups
  • Trending Beverages
  • Uncategorized
  • Vegan lifestyle
  • Exchange rates for GBP against major currencies on May 30, 2023
  • Hochschild Mining announces CEO transition and reiterates guidance
  • Hiscox appoints Jonathan Bloomer as Chair designate
  • Surface Transforms hires new COO from SGL Carbon
  • Eden Research plc and Corteva Agriscience Seek to Bring Ecovelex to EU and UK Market

Archives

  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
©2023 Recipes and Stuff | Theme by SuperbThemes