Product information

Value per Unit
NZD 45,000.00
Total value of Units
NZD 26,730,000
Valuation method
Traded price
Holders
9
Investment type
Limited partnership

Skyline Healthcare Group Limited

Skyline Healthcare Group Limited (“Skyline”) provides life-critical and acute mobile healthcare services to communities and patients across New Zealand. They are the market leader in fixed wing patient transfer (air ambulance) in New Zealand and have the largest national footprint. The Group operates eleven aircraft from bases in Auckland, Napier (headquarters), Taranaki, Dunedin, and Queenstown. Skyline also provides flight charter services to private and corporate customers.

New Zealand is a long thin country with a dispersed population. We will always need to move patients to the points of care across the country and will often need to move medical carers to patients where they are. In order to deliver better healthcare outcomes for all New Zealanders, regardless of location, the country needs great mobile healthcare. Skyline Healthcare predicts growing demand for these services: strong population growth combined with an ageing population will drive more demand for Skyline’s services. In addition, in a post-pandemic world, demand for private charter services continues to increase.

Skyline has a high quality, diverse customer base with contracted revenue streams. The industry has material barriers to entry and is defensive through economic cycles.

Skyline has three core business lines:

1. Air ambulance: Skyline’s New Zealand Air Ambulance Service (NZAAS) specialises in intensive care, aeromedical transport, and medical evacuations (medevac) around the world; and

2. Mobile healthcare, which is focused on providing comprehensive medical assistance and concierge services to South Pacific patients from New Zealand and the South Pacific; and

3. Charter, which serves international and domestic individuals and companies that require bespoke travel solutions around New Zealand, Australia, and the South Pacific.

See the 'Key documents' tab above for the quarterly updates and annual reports on business performance.

About ForthCo

This business investment opportunity is brought to you by ForthCo.

The team at ForthCo are excited to bring you new investment opportunities. Our simple, transparent, investment model gives Kiwi investors exclusive access to an untapped, previously-hidden opportunity to back the next great New Zealand private businesses. In return, our portfolio of companies provides an unrivalled combination of quarterly cash yield and long-term capital appreciation.

At ForthCo, we’re motivated to change the accepted perspective on how we grow our wealth as New Zealanders. To show that a new route to connect Kiwi capital to proven Kiwi companies will create a flywheel that generates momentum towards a more productive, more sustainable New Zealand.

Periodic trading on Catalist

We will hold annual auctions after providing an information update on the company. Additional auctions may be held as required. Investors can submit bids to buy and offers to sell units at the auctions.

You can participate in auctions if you are:

  • An existing unit holder; or
  • Verified as a wholesale investor.

Details about the auction, including bid and offer buttons, will appear at the top of this page when an auction is live. Investors are notified about new auctions by email.

How the auctions work

1: Submit your order during the 'Open' period of the auction. We cannot accept new orders after this period ends.

2: Make payment for bids before the end of the Open period, or within 24 hours of the bid if later. You will receive further information about how to make payment after you submit a bid.

3: Consider improving your bids or offers. During the 'Pre-close' period they can only be improved by up to 10%.

Please don’t hesitate to ask for help if you are unsure about how to do something. If you have any questions about using the Catalist platform please check Catalist's FAQs or contact Catalist at hello@catalist.co.nz.

Read more about how the auctions work here and you may find the following explanatory videos useful:

Catalist’s standard investor terms and conditions apply, as well as specific terms and conditions for this bespoke market, found under the ‘Key documents’ tab above.

Disclaimer

ForthCo and Skyline Healthcare Group Limited have arranged for this trading platform to be available to unit holders and eligible wholesale investors for periodic trading in the units. The units are not listed on the Catalist Public Market, which means the information you receive may not be complete and does not purport to contain all of the relevant information required to make an informed assessment to invest. Existing unit holders and potential investors must assess for themselves that they can obtain the information they consider necessary to make an investment decision.

New investors can only access this investment opportunity if you qualify as a selected eligible wholesale investor. Selected meaning that ForthCo must approve the investor access to the private page as they hold the right to decline in order to protect sensitive information.