'Glaring' aged care underfunding forces retirement villages' hands

Aged care nurses' funding is $15k-$20k a year less than DHB nurses. (Image: depositphotos)

Fri, 01 Apr 2022

Forsyth Barr analysts' latest report on Ryman Healthcare points to some shockingly bad economics when it comes to providing care to the aged.The nub of the problem is the extent to which the government is underfunding aged care, according to those in the sector.Analysts Aaron Ibbotson and Matt Montgomerie raised their forecast of Ryman's underlying net profit for the year ended Thursday to $202.7 million from $175.1m previously, although that would still be a fall from $224.5m the previous year.They have raised their forecast for earnin...

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