Aged care move

Metlifecare signed merger agreements to acquire Vision Senior Living and Private Life Care Holdings, expanding its footprint in New Zealand's retirement village and aged care sector.

The deal increases FKP’s involvement because Metlifecare is 50% owned by Retirement Villages Group (RVG), which is managed by FKP, and FKP also holds a 21% stake in RVG — meaning FKP will play a bigger role in the NZ retirement village and aged care sector.

According to the report, Metlifecare is 50% owned by Retirement Villages Group (RVG). RVG is managed by FKP, and FKP additionally has a 21% stake in RVG.

Peter Brown is FKP’s managing director. He said the Metlifecare deal was a good reference point for FKP’s review of its retirement portfolio.

FKP is reviewing its retirement portfolio, and the company expects that review to be completed in the next month, according to the managing director Peter Brown.

Metlifecare agreed to acquire Vision Senior Living and Private Life Care Holdings under the signed merger agreements.

Everyday investors may find the developments relevant because the acquisitions expand Metlifecare’s presence in aged care and signal a larger role for FKP through its management of RVG and its RVG stake — insights that can be useful when tracking consolidation in the NZ retirement village and aged care sector.

Investors should monitor progress on the Metlifecare merger agreements and the outcome of FKP’s retirement portfolio review, which is expected to conclude in the next month, as noted by FKP’s managing director.