Southern Rehab operates across 20 sites through its base of 160 staff and holds key contracts with a number of Government and private organisations in New Zealand (including the Accident Compensation Corporation and Ministry of Health). The merger extends Habit's reach across the North and South Islands, adds to the significant clinical staff base and increases the group's number of clinics. Together the combined group will have over 50 sites and approximately 500 staff focusing on delivering best practice rehabilitation and occupational health services nationwide.
Livingbridge invested in Habit in December 2018 from its Livingbridge 6 Fund following the opening of its Melbourne office in 2016. Led by Gareth Young, the team made their first investment in TSA Management, a project management consulting firm, in November 2017, which was followed by the investment in Habit in December 2018.
Ben Teusse, CEO, Habit Group said:
“We’re incredibly excited to announce our merger with Southern Rehab. Its longstanding clinical expertise, customer-centric integrated care proposition and culture of innovation make it a perfect fit for us. With a clear growth strategy, this merger uniquely positions us to continue to deliver outstanding rehabilitation and occupational health outcomes for New Zealanders, as well as creating great opportunities for our staff.”
William Bajraszewski, Livingbridge said:
“Partnering with Southern Rehab, the leading rehabilitation services provider in the South Island, is a fantastic opportunity for Habit to obtain a nationwide presence whilst maintaining its reputation for delivering high quality healthcare services. We’re thrilled to have supported Ben and the team to complete this transaction and look forward to seeing the combined group continue its fantastic growth trajectory.”