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...

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