Funding ‘crisis’ drives listed providers out of aged care

Funding ‘crisis’ drives listed providers out of aged care
“We're staring down the barrel of a bit of an aged care crisis,” Aged Care Association's Liz Robinson says. (Photo: Alex Cairns)
Gregor Thompson
The property at 10 Dawick Street in the small Horowhenua town of Foxton Beach was, until it shut down in late 2022, the location of the only aged care facility in the area.Of Riverside Lodge’s 19 residents, general manager Mark Buckley told BusinessDesk, 16 of them moved 6km inland to the company’s only remaining facility, Lonsdale Total Care.The other three moved further afield.Buckley blames several factors – nursing costs, inflation, and others – for the closure, but all lead back to a common denominator: a lack of fu...

More Economy

Westpac tips ‘Turneresque’ 25bp cut but says RBNZ could still channel McCullum
Economy

Westpac tips ‘Turneresque’ 25bp cut but says RBNZ could still channel McCullum

Westpac Bank is sticking to its view the central bank will cut rates by 25 basis points next week to 2.25% but says there’s a 25% chance it will opt to be more aggressive and cut by 50bps.The key question is whether the Reserve Bank's monetary policy committee thinks it will...

Rebecca Howard 19 Nov 2025
Argosy delivers strong first-half results
Economy

Argosy delivers strong first-half results

Earnings and net tangible asset value per share up. 

Andy Macdonald 19 Nov 2025
Asset Plus' first-half profit lower as Munroe Lane in focus
Economy

Asset Plus' first-half profit lower as Munroe Lane in focus

First-half net tangible assets per share down on the year. 

Andy Macdonald 19 Nov 2025
No obstacles to RBNZ rate cut next week
Economy

No obstacles to RBNZ rate cut next week

The RBNZ is expected to cut the OCR to 2.25% and leave the door open for more.

Rebecca Howard 18 Nov 2025