Sale of Eileen Mary Facility

Market Announcement
13 September 2024
SALE OF EILEEN MARY FACILITY

Promisia Healthcare Limited (Promisia) (NZX: PHL) is pleased to announce it has entered into a sale
and purchase agreement with The Masonic Villages Trust to sell its Eileen Mary care facility and
village in Dannevirke.
Eileen Mary is non-core to Promisia’s portfolio, as Promisia is seeking larger scale facilities in regions
with a growing population as part of its strategy.
Promisia is thrilled to pass on ownership to The Masonic Villages Trust, a registered charity and a
very experienced aged care provider. Promisia is confident that The Masonic Villages Trust will be a
quality owner for Eileen Mary residents and staff.
The purchase price for the business and assets is $6.1 million plus GST (if any).
The sale and purchase agreement is conditional on regulatory approval and consent to transfer a
material contract.
Completion is anticipated to be mid-October.
Promisia looks forward to updating the market further.
ENDS
For more information, please contact:
Francisco Rodriguez Ferrere, General Manager – Finance, Promisia Healthcare Limited
Phone: +64 21 245 1801 or email: Francisco.rf@promisia.co.nz
About Promisia Healthcare
Promisia is a New Zealand based aged care and retirement living provider, with a focus on delivering
quality personalised care. Our aim is to be the aged care provider of choice in our communities. Our
facilities are located in well-established and well serviced towns and metropolitan areas. Our goal is
to profitably grow our business in a sustainable manner, delivering quality care to our residents,
peace of mind to their families and whanau, and excellent value to our villages, community and
shareholders. Promisia is listed on the NZX (NZX: PHL). http://www.promisia.co.nz.