Oceania Healthcare

What Oceania Healthcare does

Oceania Healthcare is a New Zealand-headquartered, NZX/ASX-listed provider of integrated retirement living and aged care services, operating approximately 30 sites from Northland to Christchurch. Founded in 2007 and listed via NZX IPO in 2017, the company serves around 3,900 residents across 1,924 independent living units and 2,013 care beds/suites, supported by roughly 2,200 staff.

The product stack is organised into Retirement Living (villas, apartments and cottages) and Aged Care Living (rest home, hospital, dementia, respite and palliative). A recurring differentiator is the Care Suites model, which delivers rest home and hospital-level care within a single owned unit, enabling residents to age in place rather than relocate as acuity rises; Couples Care Suites extend this to partners with differing care requirements. The Oceania Medical Centre anchors clinical delivery through directly-employed Nurse Practitioners providing on-site primary care across most centres, in contrast to typical contractor-GP arrangements. The named operating technology is MediMap for medication management.

The business model blends one-time Licence to Occupy payments for retirement units (with a Deferred Management Fee capped at 30% of unit price) with recurring weekly village fees capped at NZ Superannuation inflation, plus government-subsidised daily care fees for aged residential care. Three NZX-listed retail bonds totalling NZ$350M fund the property development pipeline, which includes 1,200+ new residences (around 40% consented). Go-to-market is direct-to-consumer via website, phone enquiries and on-site village tours.

Name

Oceania Healthcare

Legal name

Oceania Healthcare Limited

Website

https://oceaniahealthcare.co.nz

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Oceania Healthcare is a publicly-listed New Zealand provider of integrated retirement living and aged care services, operating approximately 30 sites that serve around 3,900 residents via Licence to Occupy units and care beds, supported by in-house Nurse Practitioner primary care.

Ownership category

akta.pro rank

Product category

Aged Care and Retirement Living

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Assisted Living Facilities for the Elderly (623312), Nursing Care Facilities (Skilled Nursing Facilities) (62311), Continuing Care Retirement Communities (623311)

SIC

Services-Nursing & Personal Care Facilities (8050), Services-Skilled Nursing Care Facilities (8051)

akta.pro primary industry

Large Campus / Multi-Building Assisted Living Communities (HLADABAG)

akta.pro secondary industries

Assisted Living with Enhanced Care / High-Acuity (Aging-in-Place) (HLADABAC), Market-Rate Independent Living (Private Pay) Communities (HLADAAAA), Luxury / High-End Assisted Living Communities (HLADABAD), Independent Living with Supportive Services (Light ADL/IADL Support) (HLADAAAE)

Keywords

• Retirement villages
• Aged care services
• Dementia care
• Palliative care
• Primary healthcare

Headquarters

HQ city

Auckland

HQ country

New Zealand

HQ region

Oceania

Offices16 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Retirement Living - Licence to Occupy: One-time purchase of licence to occupy residential units (apartments, villas, cottages). Residents pay upfront for the right to occupy. Deferred Management Fee capped at 30% after 3 years. Weekly village fees cover rates, building insurance, maintenance and repairs, and gardening. Fees stop when resident leaves.
2. Aged Care Living - Care Services Fees: Daily care fees for aged residential care services. Cost set by Health New Zealand - Te Whatu Ora. Hospital and Dementia care costs covered by Ministry of Health subsidy. Premium rooms have additional daily charges for extra features.
3. Weekly Village Fees: Ongoing weekly fees for retirement living residents covering operational costs. Fee increases capped at annual equivalent percentage increase in New Zealand superannuation benefit payments.
4. Bond Financing: Debt financing through retail bonds listed on NZX. Currently has three retail bonds providing NZ$350 million funding: OCA010 ($125M at 2.30%, maturing 2027), OCA020 ($100M at 3.30%, maturing 2028), OCA030 ($125M at 5.55%, maturing 2032).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Oceania Healthcare operates 30 retirement villages and aged care centres across New Zealand, providing independent retirement living (apartments, villas, cottages) purchased via Licence to Occupy, plus full aged care services including Rest Home, Hospital, Dementia, Respite, and Palliative/End-of-Life care. The integrated model also encompasses the Oceania Medical Centre staffed by Nurse Practitioners delivering on-site primary care, and specialised Care Suites allowing residents to age in place without relocating as care needs escalate.

Product overview

Oceania Healthcare offers integrated retirement living and aged care services through a portfolio of products. The core offering comprises Retirement Living (independent villas, apartments, and cottages) and Aged Care Living (Rest Home, Hospital, Dementia, Respite, and Palliative care). These are connected through Care Suites—a key product innovation that provides both Rest Home and Hospital level care in a single owned unit, allowing residents to age in place without relocating as their care needs escalate. Couples Care Suites extend this by accommodating partners with differing care requirements. Oceania Medical Centre, staffed by Nurse Practitioners, delivers integrated primary care across most locations. The product ecosystem also includes specialised services like dementia care (Ōrākei), respite stays, and palliative care, supported by wellbeing programmes such as I Love Music and the Five Ways to Wellbeing framework.

Differentiator

Problem solved

Functional benefit

Products and services

• Retirement Living Independent retirement living comprising boutique residences including villas, apartments, and cottages across 30 New Zealand villages. Residents live independently with access to community amenities, paying weekly village fees that cover rates, building insurance, maintenance, repairs, and gardening. Purchased via a one-time Licence to Occupy with a Deferred Management Fee capped at 30% after 3 years.
• Aged Care Living
• Oceania Medical Centre On-site primary care practice staffed by directly employed Nurse Practitioners providing comprehensive healthcare services including consultations, chronic health management, lab tests, prescriptions, and procedures across the majority of Care Centres from Auckland to Christchurch. Continues to provide continuity of care unavailable at competitors using contractor GP services.
• Care Suites
• Couples Care Suites
• Dementia Care (Ōrākei) Specialist dementia care provided in purpose-built secure environments with person-centred holistic care and an enriched care model designed to promote dignity, autonomy, and quality of life for people living with dementia.
• Respite Care
• Palliative and End-of-Life Care

Quantifiable outcome

• Winner of Overall Excellence in Care award for 3+ consecutive years
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• MediMapoperationalTechnology or Integration · 23 February 2026MediMap was a medication management software provider to Oceania Healthcare. In February 2026, MediMap experienced a cyber security incident where an unauthorised third party gained access to its platform, affecting some Oceania resident personal information. Oceania has since implemented manual medication processes and is conducting independent assessment before any decision on reconnecting.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Estia Health: Australian aged care provider focused primarily on residential aged care including dementia and respite. Comparable on the aged care operating model but Australian-only and without Oceania's retirement village independent living exposure.

Regional players

• Selwyn Foundation: Not-for-profit NZ operator of retirement villages and aged care with continuum-of-care villages in Auckland and the upper North Island. Comparable service model to Oceania though not-for-profit status differentiates funding and growth dynamics.

Broad incumbents

• Welltower: US healthcare REIT that owns senior housing and post-acute care real estate, including operator-managed assisted living and memory care. Not directly competitive but provides capital markets and senior housing industry benchmarks relevant to Oceania's village/care operating model.

Direct peers

• Radius Care: Radius operates a network of aged care facilities across NZ focused on rest home, dementia, and palliative care. Less village exposure than Oceania but comparable on the institutional care and clinical services side of the portfolio.
• Heritage Lifecare: Heritage operates aged care and retirement living services across NZ including rest home, dementia, and hospital care. Smaller and more care-weighted peer but overlapping with Oceania's dementia and hospital care segments.
• Arvida Group: Arvida operates retirement villages and aged care communities throughout NZ, offering independent and assisted living with continuum-of-care models similar to Oceania's. Comparable scale and target demographic, with overlapping geographies in the North Island.
• Metlifecare: Metlifecare is a NZ retirement village and aged care operator providing independent living, rest home, and dementia care, now owned by EQT Infrastructure following 2021 takeover. Comparable operating model and customer base to Oceania pre- and post-delisting.
• Bupa NZ (Bupa Care Services): Bupa operates retirement villages and aged care centres across NZ as part of the global Bupa group, providing rest home, hospital, and dementia services. Closest international-affiliated peer to Oceania's aged care offering though it is more weighted toward institutional care than independent living.
• Ryman Healthcare: Ryman is the largest listed NZ retirement village and aged care operator, operating integrated villages offering independent and care living on a similar Licence to Occupy model. Most direct comparison to Oceania given overlap in geographies, services, and Resident-X product structure.
• Summerset Group Holdings: Summerset operates retirement villages across NZ with independent living, rest home, and hospital-level care under a similar Licence to Occupy/DMF model. Comparable site footprint, resident economics, and recent pipeline expansion make it a key listed competitor to Oceania.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oceania Healthcare