Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

HealthCare NZ and Geneva Healthcare Restructuring

STATEMENT FROM: HealthCare NZ and Geneva Healthcare


HealthCare NZ and Geneva Healthcare

Rt Hon Wyatt Creech
Chair
HealthcareNZ Holdings 2018 Limited


SUBJECT:

Outcome of Restructuring

HealthCare NZ (HealthCare of New Zealand Holdings Ltd) provides community based healthcare services under contract for District Health Boards (DHBs), ACC, Ministry of Health and other Government agencies.

Six months ago, HealthCare NZ purchased Geneva Healthcare, a provider of a similar range of community based health services.

At the time of purchase, the company advised that for commercial reasons it would run these providers as separate competing entities. The company has reinforced this structural separation by moving Geneva Healthcare from operating as a subsidiary of HealthCare NZ to operating under a separate holding company.

Both HealthCare NZ and Geneva Healthcare will continue to have their own separate Board and management structure. As well as competing to provide services, both companies will continue to pursue separate new innovative solutions to benefit both funders and users of the service.

In structural terms, from the point of view of staff, clients and funders, there will be no change to the present arrangements.

END

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Taxing Multinationals: Next Step To Improve System

New legislation to improve the fairness of the tax system and prevent large multinationals from exploiting rules in order to shift their profits offshore has passed another step closer to becoming law. More>>

A Fuel And His Money: Petrol Prices Hit Records

The cost of 91 octane in Wellington and the South Island hit $2.30 a litre last week, beating the previous high set in 2013. Crude oil prices have been rising globally while the New Zealand dollar has fallen, making the cost of fuel more expensive. More>>

ALSO:

NZentry: EU And NZ To Start Free Trade Talks

A free trade deal between New Zealand and the European Union (EU) has taken a major step forward with the announcement overnight that the EU’s Foreign Affairs Council has approved its negotiating mandate. More>>

ALSO:

You'd Hope: Employers Told To Pay Minimum Wage

Advertisers offering jobs to backpackers are being told they must pay the minimum wage or risk prosecution. Last week, RNZ revealed a job website - Backpackerboard - was advertising roles below the $16.50 per hour minimum wage. More>>

ALSO:

Still Gaining: More Migrants Head Back Overseas

Annual net migration is down 4,800 from a high point a year ago, largely because more non-New Zealand citizens are leaving the country, Stats NZ said today. More>>

Christchurch: Red Zone Used To Boost Endangered Bee Population

“May 20 has been declared World Bee Day by the United Nations, and I am pleased to announce today that we have been able to use the red zone to protect and grow our native bee stocks,” says Minister Megan Woods. More>>

Trips, Support, Conferences For Agents: Insurers Spend $34 Million On Soft Commissions

“We are concerned that insurers are designing and offering incentives that potentially set advisers up to fail in complying with their obligations.” More>>

ALSO: