New Zealand's Green Cross surges on agreement to sell medical division
02/06/2026 24:40
BUZZ-New Zealand's Green Cross surges on agreement to sell medical division ** Shares of New Zealand's Green Cross Health GXH.NZ rise as much as 50% to NZ$2.250, heading for their best trading session since August 3, 2009
** Stock hits its highest level since April 14
** Primary healthcare services provider enters into conditional sale and purchase agreement to sell its medical division to Tend Health for NZ$270 million ($160.22 million)
** Says deal will enable co to refocus on its core pharmacy business
** Stock up nearly 90% this year, including the day's move
($1 = 1.6852 New Zealand dollars)
(Reporting by Rajasik Mukherjee in Bengaluru)
Recent news on Green Cross Health
See all newsBrief: Green Cross Health Announces Sale Of Green Cross Health’S Medical Division
New Zealand's Green Cross surges on agreement to sell medical division
NZ's Green Cross Health rises to 1-1/2-month high on upbeat annual profit
Brief: Green Cross Health Posts FY Net Profit After Tax Attributable NZ$20.4 MLN
New Zealand's Green Cross Health hits 2-month high on potential deal for medical unit