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NIB Holdings Limited (ASX:NHF) has agreed to acquire New Zealand’s second largest health insurer TOWER Medical Insurance for about $80 million.
NIB’s Managing Director says the acquisition is in line with NIB’s strategy of growing its international earnings.
NIB will fund the transaction through surplus capital and a New Zealand senior debt facility.
NIB Holdings generated a net profit to $67.6 million in the 2012 financial year.
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Last
$7.60 |
Change
0.090(1.20%) |
Mkt cap ! $3.701B | |||
| Open | High | Low | Value | Volume |
| $7.54 | $7.62 | $7.52 | $4.775M | 629.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2983 | $7.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.60 | 13062 | 5 |
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| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| NHF (ASX) Chart |