Number of employees 700 | Founder John O’Sullivan Headquarters New Zealand Founded 1996 | |
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Industry Aged care and retirement villages Key people CEO - Julian Cook,Chairman - Rob Campbell Owner Public listing company (NZX) Stock price SUM (NZE) NZ$ 5.17 -0.05 (-0.96%)31 Mar, 5:00 PM GMT+13 - Disclaimer Profiles | ||
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.
History
Summerset Holdings was founded in 1996 by John O'Sullivan, a Wellington-based property developer. It has 21 retirement villages with 3200 residents, with a further four villages under construction. 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. At the time of its listing it had 13 retirement villages. The current Chief Executive of Summerset Holdings is Julian Cook.
In August 2015, Summerset announced a record profit to the market, on the back of its strong growth.
Competition for Summerset in the New Zealand aged care sector includes Ryman Healthcare, Metlifecare, BUPA, Arvida and Oceania.