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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
5 mins to read

Promisia’s pivot to aged care thwarted

Banks have backed out of the Arthrem maker’s planned rest home purchase.

Maria Slade Wed, 29 Jul 2020

Promisia Integrative’s attempt to move from health supplements into the aged care market has foundered, after its bankers withdrew from the deal.

The maker of joint support supplement Arthrem had planned to buy three aged care facilities and lease a fourth from the Brankin Family Trust for

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Promisia’s pivot to aged care thwarted
General Business,
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true