| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 18 November 2020 |
| Pathway(s) | Significant business assets only |
| Investment | An overseas investment in significant business assets, being the Applicant's acquisition of rights or interests in 100% of the shares of APHG NZ Investments Limited, the value of the assets of APHG NZ Investments Limited and its 25% or more subsidiaries being greater than $100 million. |
| Asset Value | Approximately $550 million |
| Applicant | NZ Healthcare Investments Limited Ontario Teachers' Pension Plan Board (OTPP), Canada (50%) Guardians of New Zealand Superannuation (50%) |
| Vendor | Healthscope Pathology Holdings No. 2 Pty Ltd Healthscope Pathology Holdings No 2 Pty limited is ultimately indirectly majority owned by Brookfield Asset Management Inc |
| Background | The Applicant was formed to acquire the interest in APHG NZ Investments Limited (APHG) which is New Zealand’s largest pathology services provider. The Applicant intends to support APHG staff to continue delivering the best possible pathology services to District Health Boards and patients. The Applicant has satisfied the OIO that the individuals who will control the investment have the relevant business experience and acumen and are of good character. The Applicant has also demonstrated financial commitment to the investment. |
| More information | Andrew Petersen Bell Gully (Auckland) PO Box 4199 AUCKLAND 1140 |