Metlifecare is one of

New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island count ...

'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 since 1994, and the Australian ASX main board since October 2013. They are a component of the

NZX 50 Index The S&P/NZX 50 Index is the main stock market index in New Zealand. It comprises the 50 biggest stocks by free-float market capitalisation trading on the New Zealand Stock Market (NZSX). The calculation of the free-float capitalisation excludes ...

. Competitors of Metlifecare include BUPA, Ryman Healthcare and Summerset Holdings.

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 Infratil Limited is a New Zealand-based infrastructure investment company. It owns renewable energy, digital infrastructure, airports, and healthcare assets with operations in New Zealand, Australia, Asia, the US and Europe. Infratil was founded ...

, 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 the ...

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