Arvida Group
| Industry | Aged care operator |
|---|---|
| Founded | 2014 |
| Headquarters | New Zealand |
| Website | www |
Arvida Group Limited is a New Zealand retirement village and aged care operator. It is listed on the New Zealand Stock Exchange and is a member of the NZX 50 Index.[1]
Arvida has 32 operational retirement communities located across New Zealand and is developing another village in Kerikeri.[2]
History
The business was formed in 2014 when it amalgamated 18 retirement communities and successfully completed an IPO[3]. Since then, a further 14 retirement communities have been acquired and integrated. The most recent acquisitions were completed in 2019 when Arvida acquired three villages for $180 million.[4]
Assets have increased from $350 million NZD at the time of IPO to almost $2.0 Billion NZD as at 31 March 2020.[5]
Company
A range of living options are available to residents covering the full continuum of care from independent living to full assisted living care. Arvida has a high needs-based composition to its portfolio. Arvida currently has 25 certified care centres providing a range of services; hospital (geriatric medical), rest home, dementia, and residential disability. 80% of Arvida's care centres have achieved the the gold standard of four-year Ministry of Health certification.[6][7] Occupancy recorded in its care centres at 95%[8] is consistently above the national average rate at 89.5%.[9]
Other notable competitors to Arvida in the New Zealand include Ryman Healthcare, Metlifecare, Oceania, BUPA, and Summerset Holdings.
References
- ↑ "ARV Arvida Group Limited Ordinary Shares - NZX, New Zealand's Exchange". www.nzx.com. Retrieved 2020-07-28.
- ↑ "Arvida posts $42.6m full year net profit". RNZ. 2020-05-26. Retrieved 2020-07-28.
- ↑ "Arvida completes $80 million IPO". Scoop News. 18 December 2014. Retrieved 2020-07-28.
{{cite news}}: CS1 maint: url-status (link) - ↑ "Arvida splashes out $180m on three luxury retirement villages in Tauranga and Queenstown". Stuff. 2019-06-24. Retrieved 2020-07-28.
- ↑ "NZX, New Zealand's Exchange". www.nzx.com. Retrieved 2020-07-28.
- ↑ "My DHB". Ministry of Health NZ. Retrieved 2020-07-28.
- ↑ "Arvida Annual Report 2020, p.28" (PDF). Retrieved 2020-07-28.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Announcement | Direct Broking". www.directbroking.co.nz. Retrieved 2020-07-28.
- ↑ "Occupancy for 31 March 2020 Quarter" (PDF). 31 March 2020. Retrieved 2020-07-28.
{{cite news}}: CS1 maint: url-status (link)
External Links
Arvida Group Limited website
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