DCA Acquires Guardian Healthcare in New Zealand for $270 Million
OPEN MINDS, The Behavioral Health & Social Service Industry Analyst
Industry News
On July 11, 2005, the DCA Group Ltd announced that it has executed an agreement to acquire New Zealand's residential aged care business, Guardian Healthcare Group Limited, for $270 million from Pacific Equity Partners and Management. The acquisition, which is expected to be complete within the next two months, requires approval from the New Zealand Overseas Investment Commission.
Guardian is a for-profit aged care business in New Zealand, with 32 facilities and 2,163 residential . . .