Rangatira Annual Report 2025 - Flipbook - Page 21
Annual Report 2025
BeGroup
Investment date
Ownership interest
2021 25%
BeGroup offers affordable and modern retirement
villages. These villages have a full range of options,
strong ties to the local community and an emphasis
on equal and meaningful relationships, where
residents decide what retirement living means
for them.
The BeGroup strategy is focused on securing and
continuing to operate existing villages, some with
incremental development potential. In this, BeGroup
has been successful, now comprising a portfolio
of 9 villages across the North Island and delivering
additional units at various sites. Notwithstanding a
slower property environment, BeGroup has delivered
on the initial investment case and continues to seek
additional opportunities.
Rangatira sees this sector as attractive, offering strong
cash returns and capital growth over the long-term.
Boulcott Hospital
Investment date
Ownership interest
2022 69%
Boulcott Hospital is a private surgical hospital based
in Lower Hutt, with 30+ years’ experience providing
quality surgical and medical services.
Boulcott has three operating theatres, a 30-bed
ward and day stay unit, a specialist centre and onsite
radiology services provided by Pacific Radiology.
Over 40 specialists work from the hospital across
orthopaedics, gynaecology, plastics, ophthalmology,
ENT and general surgery. Most specialists are
shareholders in the hospital, investing alongside
Rangatira in 2022.
A significant expansion is currently under development.
Planned for completion in August 2025, the project
will modernise the facility and add two additional
surgical theatres to the hospital, positioning Boulcott
as a leading private hospital servicing the greater
Wellington Region.
21
