Rangatira has acquired Boulcott Hospital, a private surgical hospital based in Boulcott, Lower Hutt.
Rangatira Chief Executive, Mark Dossor, says Boulcott Hospital is a highly regarded community asset.
“Boulcott plays an important role in the greater Wellington region’s healthcare services. We look forward to working alongside specialists, nurses and management to continue Boulcott’s legacy of high-quality clinical outcomes and patient-centred service.
“The Wellington region’s population is growing and ageing. Boulcott Hospital plays an important role in meeting the community’s growing demand for high quality, local healthcare services. As a long-term investor, we are committed to investing in the hospital’s capabilities to expand its surgical capacity.
Established in 1984 as a partnership between nine specialists, Boulcott Hospital has grown to become the Hutt Valley’s premier private health facility, with more than 30 years’ experience providing quality surgical and medical services to the region. A significant brownfield expansion project is in advanced stages of planning, which on completion, will solidify Boulcott as a leading private hospital in the greater Wellington Region.
There are now 46 medical specialists who operate from Boulcott and in recognition of the significant role they play, we are working with them to become shareholders alongside Rangatira as partners for the future.
About Rangatira Limited
Rangatira is a Wellington-based investment company with shareholders’ funds of over $270 million. Established in 1937, the Company is 51 per cent owned by the JR McKenzie Trust with other community and charitable organisations owning another 15 per cent of the shares. The balance of the shares is owned by private investors. Rangatira’s mission is to increase both the capital value of its shares and the dividends paid to its shareholders by investing long term in a high-quality portfolio of New Zealand private assets. Rangatira’s shares are listed and traded on the Unlisted market - www.usx.co.nz.