Metlifecare is one of New Zealand's largest retirement village providers. They currently own and operate 32 retirement villages throughout the North Island of New Zealand. They have been listed on the

NZX New Zealand's Exchange (), known commonly as the NZX, is the national stock exchange for New Zealand and a publicly owned company. NZX is the parent company of Smartshares, and Wealth Technologies. On 30 August 2020, the NZX had a total of ...

since 1994, and the Australian

ASX Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as ...

main board since October 2013. They are a component of the NZX 50 Index. Competitors of Metlifecare include BUPA,

Ryman Healthcare Ryman Healthcare Limited is a New Zealand retirement village and rest home operator. It is listed on the New Zealand Stock Exchange and is one of the largest companies listed on the NZX 50 Index. Ryman Healthcare has 38 operational villages ac ...

and

Summerset Holdings Summerset Holdings Limited () is a New Zealand retirement village and aged care service provider. They are listed on the NZX and are part of the NZX 50 index, with a market capitalisation of nearly $2.3 billion NZD. History Summerset Group H ...

History

Metlifecare was founded and first listed on the NZX in 1994 by NZ businessman Cliff Cook. Cook is no longer involved with the company but is now developing other retirement village projects in the UK. Metlifecare acquired the Private Life Care assets of Retirement Villages New Zealand Limited and Vision Senior Living Limited in May 2012 as part of a three way merger. This grew Metlifecare to a village portfolio of 25 as at December 2015. Major investors in Metlifecare now include Infratil, one of New Zealand's largest infrastructure investor, in partnership with the

New Zealand Superannuation Fund The New Zealand Superannuation Fund ( mi, Te Kaitiaki Tahua Penihana Kaumātua o Aotearoa) is a sovereign wealth fund in New Zealand. New Zealand currently provides universal superannuation for people over 65 years of age and the purpose of th ...

In December 2019, Metlifecare received an unsolicited buyout offer from EQT Management, a Swedish funds manager. After a couple of weeks of negotiation, the Metlifecare board has elected to progress the scheme of arrangement that would lead to a completed buyout.

References

Housing for the elderly Companies listed on the New Zealand Exchange Service companies of New Zealand {{NewZealand-company-stub