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Summerset Group Holdings Ltd. (NZX: SUM) has ruled out any immediate plans for a capital raise, according to chief executive Scott Scoullar. This comes after Jarden analysts Arie Dekker and Vishal Bhula suggested that both Summerset and Ryman Healthcare might seek additional investor funding in 2024.
While Ryman recently announced a capital raise to strengthen its balance sheet, analysts speculated that Summerset could follow suit to accelerate its expansion in Australia. However, Scoullar dismissed this notion, emphasizing that the company remains well-positioned financially and focused on its strategic growth plans.
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