Best of BusinessDesk: Funding ‘crisis’ drives listed providers out of aged care

Best of BusinessDesk: 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. (Image: Getty)
Gregor Thompson
This article was originally published on April 10, 2024.The property at 10 Dawick St in the small Horowhenua town of Foxton Beach was, until it shut down in late 2022, the only aged-care facility in the area.Of Riverside Lodge’s 19 residents, general manager Mark Buckley told BusinessDesk, 16 moved 6km inland to the company’s only remaining facility, Lonsdale Total Care. The other three moved further afield. Buckley blames nursing costs, inflation and other factors for the closure, but all lead back to a common denominator: a l...

More Markets

NZ sharemarket down while Kiwi Property Group secures key renewal
Markets Market Close

NZ sharemarket down while Kiwi Property Group secures key renewal

ASB Bank has extended the lease for its downtown Auckland site for another nine years.

Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Solar still on the rise, Ecotricity says
Markets

Solar still on the rise, Ecotricity says

Commercial solar generation is up almost 300%.

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Jamie Gray 02 Jul 2025