19/06/2026
This is an important and timely article on the growing pressures facing aged residential care in New Zealand, and the need for long-term investment to ensure older people can continue to access the care and support they need.
In recent months, we have progressed the divestment of our Frankton Court site and moved to an unconditional agreement for the sale of Resthaven Village. These decisions to consolidate our footprint have not been taken lightly, but as we look to the future, it is clear our responsibility is to ensure our resources are positioned where they can deliver the greatest impact for our community.
We remain committed to advocating for the sector to provide sustainable, high quality care for older New Zealanders into the future.
Matt Russell
Chief Executive
Budget 2026 put $79 million toward aged residential care without fixing the funding model that is closing facilities. Every bed that disappears pushes another elderly patient into a hospital system that costs taxpayers nearly five times as much.