Strong sales boost Summerset’s profits by 78%
NZ’s second-largest operator has pushed its after-tax profit to $90.3M in the latest half-yearly results, up from $50.6M in the…
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NZ’s Ryman Healthcare recognised with top 10 world healthcare ranking
NZ’s biggest village operator has been named one of the world’s best-performing healthcare companies for the fourth year in the…
NZ Aged Care Association: migrant workers are key to future viability
The Association’s Chief Executive Simon Wallace has hit out at the NZ Govt’s immigration policies in an impassioned op-ed for…
Australian marketing/advisory agency One Fell Swoop taps new market with launch of London office
Currently, only 0.7 % of people aged over 65 in the UK live in retirement villages or retirement housing –…
Korean conglomerate Lotte loses $200M on Gold Coast retirement developments
Lotte, which started in the chewing-gum business in Japan post-WW2, had paid $90.5M for the Salacia Waters site a decade…
Pioneer Shane Moran inks more deals to build aged care in China
Known as Sunshine Australia, the new joint venture between Mr Moran’s Provectus Care group and one of China’s largest developers…
Investment giant favours Land Lease Communities over retirement villages: SMH
The global financial services firm UBS has told the Sydney Morning Herald its preference for investing in retirement accommodation is…
UK: one in three aged care homes has failed official inspections
The UK Care Quality Commission has found 32% of the 4,000 aged care facilities in England are inadequate or in…
NZ: New equal pay deal has one aged care facility already closing
The NZ Government has mandated equal pay for male and female aged care workers. The changes, which we outlined here,…
Chinese property developer partners with new Land Lease operator
The ASX-listed Chinese property developer Boyuan Holdings has taken its first foray into Land Lease Communities (LLC’s) after acquiring NSW…