HealthCare of New Zealand Holdings has announced that its subsidiary Geneva Healthcare will move to operate under a separate holding company.
HealthCare NZ provides community-based healthcare services under contract for District Health Boards (DHBs), the ACC, Ministry of Health and other Government agencies. Six months ago, it acquired Geneva Healthcare, a provider of a similar range of community-based health services.
At the time of purchase, HealthCare NZ advised that, for commercial reasons, it would run these providers as separate competing entities. In a joint statement, the companies said the move reinforces this structural separation.
“Both HealthCare NZ and Geneva Healthcare will continue to have their own separate board and management structure,” they said. “As well as competing to provide services, both companies will continue to pursue separate new innovative solutions to benefit both funders and users of the service.
“In structural terms, from the point of view of staff, clients and funders, there will be no change to the present arrangements,” the companies added.
