MET - Metlifecare - one for the fundies?

[Bjauck]

There is also the possible need to have a few days or weeks in care which Ryman allow for - move from villa to hospital for a wee bit then back. Your partner is then able to visit more easily as you are still in the village.
A more holistic care model.

As long as there are vacancies in the on-site hospital when you need to take a break that sounds great.

If not part of arranged respite care, I presume you would have to pay for your stay in the hospital unless you have been appropriately needs assessed and a rest home subsidy provided and the extra hospital level care funded by the Health Board?

i get the continuum of care model up to the level of serviced apartments but beyond that seems more like a lottery as to whether a care bed will be available on site at the time when the need for one presents itself.

[Beagle]

As long as there are vacancies in the on-site hospital when you need to take a break that sounds great.

If not part of arranged respite care, I presume you would have to pay for your stay in the hospital unless you have been appropriately needs assessed and a rest home subsidy provided and the extra hospital level care funded by the Health Board?

i get the continuum of care model up to the level of serviced apartments but beyond that seems more like a lottery as to whether a care bed will be available on site at the time when the need for one presents itself.

I understand your concerns regarding late stage care and also believe a real shortage is coming in the years ahead which is one of the reasons why I have focused my investment in this sector on OCA who of course specialise in that area. With OCA's very cheap metrics, compelling business model, excellent management and care reputation I don't see the merit in having a differentiated holding within this sector any more.

[mondograss]

An interesting read:
https://www.stuff.co.nz/business/109...d-isnt-reality
I had heard anecdotally that the Poynton was terribly snobby with the original cohort of residents being a very strong clique that made life rather difficult for anyone new coming in. So I suspect there's a few grains of salt required to be taken with this story.

[dobby41]

An interesting read:
https://www.stuff.co.nz/business/109...d-isnt-reality
I had heard anecdotally that the Poynton was terribly snobby with the original cohort of residents being a very strong clique that made life rather difficult for anyone new coming in. So I suspect there's a few grains of salt required to be taken with this story.

A very interesting read!
I learnt something new
"Should residents' physical or mental health deteriorate to the point where they can no longer pass the medical test, their agreement can be terminated."

[Beagle]

A very interesting read!
I learnt something new
"Should residents' physical or mental health deteriorate to the point where they can no longer pass the medical test, their agreement can be terminated."

That should cause some considerable concern as there is a major vested interest and financial incentive for the company to declare someone unfit for living in an independent unit especially if there is a waiting list of new entrants for the village in question. Can you can trust their independence and objectivity in the circumstances ?

[Raz]

That should cause some considerable concern as there is a major vested interest and financial incentive for the company to declare someone unfit for living in an independent unit especially if there is a waiting list of new entrants for the village in question. Can you can trust their independence and objectivity in the circumstances ?

Its a very large issue, the overall sector has some also other real gaps, the hospital units are limited and the real shortage in the system is specialist dementia care.

[Bjauck]

Its a very large issue, the overall sector has some also other real gaps, the hospital units are limited and the real shortage in the system is specialist dementia care.

It would be an issue especially for an independent spouse with an ORA in a particular village but whose partner needs to move elsewhere to get appropriate care.

Do all retirement companies have the requirement to pass a medical test to continue to be able to live in an independent unit?

[Joshuatree]

https://www.stuff.co.nz/business/109...d-isnt-reality
"The vibrant mixed age community they had bought into began to feel like a rest home, the very thing that the Joneses chose The Poynton to avoid. The four had chosen a lifestyle village for active retirees, not a facility for people unable to look after themselves independently."

Minimum age raised from 55 to 70, that would stink for folks who bought in for an active lifestyle community.

[percy]

We looked at retirement villages in our area earlier this year,before buying our new house.The wife and I are both 69.
Two things put us off.One was the residents looked a lot older than us.
The other was lack of private space,ie you could not sit outside without being on view.As we often look after one of the daughters' small dog, we needed a courtyard.

[Beagle]

Its a very large issue, the overall sector has some also other real gaps, the hospital units are limited and the real shortage in the system is specialist dementia care.

Which is why I prefer to invest in OCA which specializes in and has arguably the best reputation for late stage care. Couta1 knows the sector, OCA and its dementia capabilities very well and likes OCA a lot.