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

KMD Brands pulled into Trump trade war
Retail

KMD Brands pulled into Trump trade war

Like a lot associated with so-called ‘Liberation Day’, much remains uncertain.

US tariff risk less than expected for FPH, Jarden says
Economy

US tariff risk less than expected for FPH, Jarden says

Jarden says tariff-related impacts on earnings would be "nominal" by 2030.

Jarden says Skellerup 'most exposed' to Trump's tariffs
Markets

Jarden says Skellerup 'most exposed' to Trump's tariffs

US President Donald Trump's sweeping global tariffs, announced on Thursday, are expected to have devastating consequences not only in the US but also in New Zealand.In a note on Friday morning, Jarden analysts Guy Hooper and Nick Yeo predicted that NZX-listed Skellerup looks...

Wall Street reels as Trump’s plan sinks markets
Markets

Wall Street reels as Trump’s plan sinks markets

The president’s sweeping tariffs proved far more severe than investors predicted.