Aged care move

FKP will play a bigger role in the New Zealand retirement village and aged care sector after the NZ company Metlifecare signed merger agreements to acquire both Vision Senior Living and Private Life Care Holdings. Metlifecare is 50 per cent owned by Retirement Villages Group, which is managed by FKP, and FKP also has a 21 per cent stake in RVG. FKP's managing director, Peter Brown, said the deal was a good reference point for the company's review of its retirement portfolio, which is expected to ...

FKP will play a bigger role in the New Zealand retirement village and aged care sector after the NZ company Metlifecare signed merger agreements to acquire both Vision Senior Living and Private Life Care Holdings. Metlifecare is 50 per cent owned by Retirement Villages Group, which is managed by FKP, and FKP also has a 21 per cent stake in RVG. FKP's managing director, Peter Brown, said the deal was a good reference point for the company's review of its retirement portfolio, which is expected to be completed in the next month.