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Hot Topic EARNINGS
Investment
3 mins to read

Radius Care eyes ‘capital-light acquisitions’

The aged care provider is looking for low-cost, high-return investments that won’t dramatically increase debt.

Radius Matamata Lodge.

Key points
  • Revenue: $2m, up 39%
  • Net profit: $85.4m, up 1.1%
  • Key takeaway: The company is looking for cheap acquisitions to boost its growth. 

 

 

NZX-listed age care provider Radius Care is on the hunt for acquisition opportunities that won’t drastically increase company debt.

The company, which today reported a 39% rise in its bottom line for the six months ended September, undertook a debt-fueled expansion in 2022, which saw its borrowing

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Nicholas Pointon Mon, 25 Nov 2024
Contact the Writer: nicholas@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • Revenue: $2m, up 39%
  • Net profit: $85.4m, up 1.1%
  • Key takeaway: The company is looking for cheap acquisitions to boost its growth. 

 

 

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Radius Care eyes ‘capital-light acquisitions’
Investment,
106863
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