Summerset Holdings

Summerset Holdings Ltd
Public (NZX: SUM)
Industry Aged care and retirement villages
Founded 1996
Founder John O’Sullivan
Headquarters Wellington, New Zealand
Areas served
 New Zealand
Key people
 CEO - Julian Cook,
Chairman - Rob Campbell
Owner Public listing company (NZX)
Number of employees
 700+ (2014)
Website www.summerset.co.nz

Summerset Holdings Limited (NZX: SUM) is a New Zealand retirement village and aged care service provider. They are listed on the NZX are part of the NZX 50 index, with a market capitalisation of nearly $900 million NZD.[1]

History

Summerset Holdings was founded in 1996 by John O'Sullivan, a Wellington-based property developer.[2] It has 21 retirement villages with 3200 residents, with a further four villages under construction.[3] They offer a range of care from independent living to dementia and rest home nursing care.

Summerset listed on the NZX in November 2011, raising capital to increase its growth plans to cater for the increasing retirement population in Auckland.[4] At the time of its listing it had 13 retirement villages. The current Chief Executive of Summerset Holdings is Julian Cook.[5]

In August 2015, Summerset announced a record profit to the market, on the back of its strong growth.[6]

Competition for Summerset in the New Zealand aged care sector includes Ryman Healthcare, Metlifecare, BUPA, Arvida and Oceania.

References

  1. ↑ "NZX Main Board | SUM". Nzx.com. Retrieved 2016-01-05.
  2. ↑ "Our History". Summerset. Retrieved 2016-01-05.
  3. ↑ "About Us". Summerset. Retrieved 2016-01-05.
  4. ↑ "Summerset IPO closes fully subscribed | The National Business Review". Nbr.co.nz. 2011-10-27. Retrieved 2016-01-05.
  5. ↑ "Julian Cook". Summerset. Retrieved 2016-01-05.
  6. ↑ "Summerset Group Holdings Limited". Sharechat.co.nz. 2015-08-20. Retrieved 2016-01-05.


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