'This has helped': Summerset hastens care model pivot to boost earnings

'This has helped': Summerset hastens care model pivot to boost earnings
Scott Scoullar says governments subsidies have not kept up with costs. (Image: Supplied)
Gregor Thompson
Having watched the cost of providing care outstrip subsidies for years, Summerset Group is ramping up its pivot towards a license-to-occupy model.Alongside the retirement providers' half-year results on Thursday, chief executive Scott Scoullar said the company had moved “a number of its care units throughout the country to be sold under occupation rights agreements (ORAs)”.The ORA model requires residents to pay an upfront cost to occupy a care unit, which is recouped after a deferred management fee (DMF) is deducted u...

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