Third Age Health Services Limited announced that it has entered into a conditional contract to purchase a majority interest in a medium sized general practice, based in Auckland. The acquisition is conditional on the completion of due diligence and TAH Board approval. The practice provides comprehensive primary healthcare for its local community as well as servicing surrounding aged care homes. The acquisition forms part of the company's strategy to further develop a model of healthcare for older people, which aims to deliver a consistent primary health care service for those
residing in aged care and for people who choose to age in place. Subject to TAH Board approval following due diligence, the proposed purchase price will be $1.9 million.