Looks like that's the plan Roger,up until now Sums care centers have been small compared to Rymans comparing similar sized villages and lacking Dementia units
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Pleased to see Norah Barlow will be joining the board of Aussie retirement village group INA Ingenia.
Thanks for that Percy.
Interesting from a number of perspectives.
1. Norah serves on the SUM board post her CEO role finishing up. So interesting because it's clearly NOT a conflict with her being involved in SUM, otherwise she wouldn't do it, or at least, remain on the SUM board.
2. This would suggest SUM has little interest in expanding into Australia, if there is no conflict of interest, even though SUM is listed in Australia now.
3. It would also suggest INA is not interested in expanding into NZ, otherwise why would Norah remain on the SUM board if she was headhunted?
4. There may be useful synergies that come from a director being on the board of SUM and INA.AX. The Australians are reputedly far behind the NZ listed companies in terms of a deferred management fee model.
5. Dare we suggest the kind of synergies they might realise? Merger.... cough....
Simon Owen who is the CEO of INA was the very successful CEO of Aveum,before joining INA.Being in the sector for a long time he would be very aware of Norah Barlow's excellent track record. I think she will bring a lot to INA. INA has mainly been "lifestyle" rather than NZ's "total care." What is interesting is that over 30% of INA is held by New Zealanders.I think the list includes Sir Ron Brierley,Fisher Funds, and Pie Funds.
Shane Jones stated at a meeting in Auckland yesterday that "within 100 days of being elected Labour would raise the minimum wage and address the "dreadful conditions" of staff and residents at rest homes."
Has anyone seen any detailed policy from Labour on this ? I've searched and did not find anything.
dear iceman...shouldn't that post have been yesterday....come on..."detailed policy from labour"...do not such (even if indeed they exist) "policies"...vary from day to day..!!!!.
Having said that Shanes comments continue to appear as populist loud generalised ravings as is his way.
Am I wrong.Cheers
Ice, shouldn't your query be on the Ryman thread? We don't have "dreadful conditions" at Summerset......:D
and did he state which election he hoped to be elected at?