As part of completing the various assessment tasks for ACCT11059 course, I have been assigned to research Abano Healthcare is a New Zealand based healthcare company listed on New Zealand stock exchange. The holding company is Abano Healthcare Group Limited which is listed on the New Zealand Stock exchange under the code ABA.
Interestingly, the company when it was formed in 1999 focused on the development of retirement village properties and aged care services. In 2000, the company repositioned its strategy and moved
away from property development and stepped into the field of medical and healthcare service businesses venturing into diagnostic and dental centres in year 2002 followed by other healthcare services in later years.
Abano operates successful businesses in four sectors of the healthcare market. The company co-invests with clinical leaders and founders in businesses which have growth and profit enhancement opportunities and the four sectors of the business comprise of Abano Audiology, Abano dental, Abano Diagnostics and Abano Rehabilitation.
As per the company website, the vision of the company is "to create an exemplary standard of care and treatment for our clients and patients by bringing together compatible businesses within the healthcare and medical service sectors, and offering multi-disciplinary solutions in the private healthcare market".
What a very different company to all the others we have been assigned. It is the first that I have read, that has started off in one industry and then completely moved away from it into another area. Look forward to reading more.
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