New Zealand's Green Cross surges on agreement to sell medical division

Green Cross Health

02/06/2026 24:40

** Shares of New Zealand's Green Cross Health GXH.NZ rise as much as 50% to NZ$2.250, heading for their best trading session since August 3, 2009
** Stock hits its highest level since April 14
** Primary healthcare services provider enters into conditional sale and purchase agreement to sell its medical division to Tend Health for NZ$270 million ($160.22 million)
** Says deal will enable co to refocus on its core pharmacy business
** Stock up nearly 90% this year, including the day's move

($1 = 1.6852 New Zealand dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))