Interesting that the headlines getting less bullish seems to tie in with CEO change over in 21... maybe once new CEO appointed we will see a reversal to more positive headlines.
Printable View
https://www.tewhatuora.govt.nz/for-h...models-review/
All things point to one thing, the entire sector is underfunded, the crisis is upon us and will only get worse until serious money is directed towards looking after our elderly.
If you’re interested, read the Sapere report,
Pretty sobering report eh BaaBaa
Does it mean only those who can afford to pay for their care will end at the likes of Oceania ….who will be charging enough to make decent profit (for shareholders)
Hard to see any government helping ‘bloat’ profits at Oceania et al ..suppose they will be asking them to do the decent thing and have a social conscience and become a care provider for all at whatever it costs them.
Don’t think that ‘investors’ who want a decent return will like that
Tough world and doesn’t seem things are going to get better for likes of Oceania
Times have changed from back in the day that Nana or Grandad would move in with the family, actually there is a bit of a revival of multi generational living, but that's typically to help the younger generation into the housing market.
Other than that, Granny was off to the geriatric ward at the public hospital.
As you say, I don't see the Government stepping in to the full the void, particularly for those buying a luxury villa in St Helliers & the like.
The new GM of Sales, big ask.
Attachment 15073
Is this a new role?
They made a big deal of it when Anita Hawthorne was appointed as Group General Manager Sales & Service in mid 2022
Maybe Anita given up on sales and just concentrating these days on Service …or was she told she nongovernmental at sales
Quite a few Leadership Team changes over last year or so
Seems to be, maybe they realised sales and service are not mutually compatible. Good if they've split the roles and have a dedicated focus (again) on sales, they sure need it, there's a ton of backlog for sale and recent results suggest they need to do something different to get that stock moving.
Granny flats were the thing in the 70’s and 80’s. Perhaps doctors did more home visits back in the day too. However, back to today, if your family have “escaped” to Australia, maybe ORA villas and then rest home is the only option for many, if they stay in NZ.
I hope OCA are lobbying for a requirement for rest home beds. I think it would work in their favour. Otherwise some providers will take the cream. Although adequate funding of care would be best.
Certainly if funding continues to make running rest home care marginally profitable, a degree of compulsion or quid pro quo for the village ORA scheme may be necessary.