Saturday, April 19, 2008

Hearing Postponed

We heard this week that the Public Hearing has been postponed. The likely date is now June/July.

Another recent development is that Qualcare's majority shareholder is now Macquarie Bank (based in Australia). As a result of this Qualcare will be merged with Eldercare, who also operated aged-care facilities in NZ. This transaction will have NO effect on the Resource Consent Application.