I am pleased to share that our parent company Asia Pacific Healthcare Group (APHG) is now majority owned by New Zealanders. You may recall that in November last year APHG was jointly acquired by NZ Super and Ontario Teachers’ Pension Plan. Earlier this month Māori investment fund Te Pūia Tāpapa (TPT) purchased about 4 percent of our company, with NZ Super and Ontario Teachers each retaining 48 percent. Speaking of the investment, TPT chair Paul Majurey said:
“We’re pleased to come on board as co-investors in APHG. Investing in support of a business that cares for the health of New Zealanders fits perfectly with our world view,”
NZ Super Fund and TPT are both long term investors with similar philosophies. This change to the APHG ownership structure reflects the impactful work that TPT does to elevate Māori health and interests which sit central to our own.
If you would like to read more about this you can view the media coverage below:
NZ Herald – Iwi investment fund TPT joins NZ Super deal for medical testing company
Waatea News – Healthy investment for Maori fund
National Business Review – Maori investment fund takes minor stake in Asia Pacific Health Group
Business Desk – Iwi group buys into major lab tests group
Sovereign Wealth Fund Institute – Maori Direct Investment Fund Gets a Stake in Asia Pacific Health Group