F&P Healthcare sells part of land for second campus in New Zealand
By HME News Staff
Updated 8:22 AM CDT, Tue October 6, 2026
AUCKLAND, New Zealand – Fisher & Paykel Healthcare has entered into an agreement to sell 13 hectares of its 105-hectare site on Karaka Road in Drury, New Zealand, to Health New Zealand at a purchase price of $45.3 million. Health NZ intends to use the land to develop a future hospital facility to serve the growing South Auckland population. Fisher & Paykel Healthcare will retain the remaining land for the development of its planned second campus in New Zealand. “We have worked closely with local health care providers since Dr. Nigel Rankin at Middlemore Hospital first suggested working with our research and development team,” said Lewis Gradon, managing director and CEO. “That collaboration has gone on to improve care and outcomes for patients in New Zealand and around the world. Locating a major new hospital alongside a world-class research and development campus creates a strong foundation for innovation in medical technologies. We look forward to working closely with the new facility in the future.” Settlement of the sale to Health NZ is expected between March and June 2027, subject to certain sale and purchase conditions. The impact of the sale will be reported as an abnormal item in Fisher & Paykel Healthcare’s income statement.
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