Harmos Horton Lusk has advised NZX listed Green Cross Health Limited on the sale of its Medical division (trading as The Doctors) to Tend Health Holdings. The transaction was valued at approximately NZ$270 million.
The Doctors serves the largest enrolled patient base in New Zealand, with a network of 65 clinics delivering primary care to more than 400,000 enrolled patients. The sale will enable Green Cross Health to refocus on its core pharmacy business, which operates a network of pharmacies throughout New Zealand under the Unichem and Life Pharmacy brands.
The Harmos Horton Lusk team who advised on the transaction was led by director Annie Steel and included director Emma Barnett, senior associate Anthony Ellis and junior associate Michael Hiddleston.
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