Knowledge hub

If you're in the aged-care sector in New Zealand, you've heard of interRAI. InterRAI, or International Resident Assessment Instrument, is an assessment tool that focuses on a person's function, their health risks and opportunities for improvement. An assessor will talk with the person, t...

The total cost of dementia in New Zealand is $1.7 billion, and by 2050, when 170,000 Kiwis are expected to be living with the condition, that cost will rise to $5 billion. It’s no surprise that those in the aged care industry are interested in anything that can help prevent the condition or al...

The World Health Organisation estimates that, globally, one in six elderly people will experience abuse. With the world’s aging population, this means that by 2050, roughly 320 million people aged 65 and over will have been in an abusive situation. Those in the aged-care industry have opportun...

Transitioning from an Aged Care Manager to an Owner If you've been in the aged care industry for a while, and you have an entrepreneurial bent, you may be thinking that it's time to stop working for someone else and start building your own dream business. Thankfully, all your skills and experience in the industry mean that you're perfectl...

If you're thinking about starting your own business, you may be considering the aged-care industry. Worth $3 billion each year in New Zealand and growing at 5 per cent per annum, it's an attractive option. In fact, those over 65 are the wealthiest segment of the New Zealand population, expec...

Staffing in the Aged Care Sector: Can We Keep Up With the Growing Demand?

Late in 2017, Australia’s Aged Care Minister, Ken Wyatt, told the National Press Club that up to 40 percent of people in aged care homes never get visitors. We may think that statistics in New Zealand are better than our neighbour's, but the truth is that one-third of elderly Kiwis spend o...

Many factors can bring change to an industry. In the case of the aged care sector, the aging population is having profound effects. As the Baby Boomers age, the sector will come under increasing pressure to provide services to an ever-growing market.

The steps to sell your aged care business are largely the same as selling any business. You have to prepare yourself, your business and your paperwork. You have to value and market the business, find a buyer and negotiate the sale.

If you’ve just bought an aged care business, you may be worrying about the audit. Every aged care residence must pass a provisional audit when ownership changes and regular certification audits on an ongoing basis.

The aged care sector seems to offer everything an investor could want in an investment. There is a strong demand for the services and a market that continues to grow. Government regulations offer some protection to the industry and historically, good returns are expected to grow.

If you’ve recently retired, you may have started looking at housing options. You may be considering renovating the home that you’ve lived in for years, or you may be considering the retirement village option. When planning, consider your financial situation, desired lifestyle and plans f...