Sale of Golden Healthcare Group to Heritage Lifecare

Murray & Co acted as financial advisor on the sale of Golden Healthcare Group to Heritage Lifecare.

Golden Healthcare comprises seven aged care facilities and two adjoining retirement villages and was developed over the last 30 years by Christchurch businessman John Tooby.

Heritage Lifecare is majority-owned by Australian private equity firm Adamantem Capital. This acquisition makes Heritage the third largest aged care provider in New Zealand.

The transaction completed in November 2019.