I don't believe that OCA made a comment about this, but it would have been prudent for them to have mentioned their facility down the road - that would have taken a bit of the sting out of the story.
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Thankyou JAK for sharing your insights and experience. A very well thought out post.
It has been a surprisingly good 24 hours of hearing all these quality opinions especially from the more infrequent posters here. Share trader has been at it best with all these intelligent ideas/ opinions from different areas of expertise.
Seems like we are generally settled now that this is not a PR disaster or ethical issue we need to worry ourselves over. I'm sure the general NZ populace will around their watercoolers tomorrow only concerned about how much it cost to fill their cars up.
No worries, but please make sure they know I'm not actually "in the know" re this situation. Just my own thoughts based on having some knowledge of the sector.
I do not for one minute believe that OCA will in any way, let these residents down. They are focused on care and they will be doing their utmost to assist families to find placements. OCA will not want to lose these families to other providers, so who knows, it may be that they will subsidise the cost temporarily for those 20 residents to be placed with other providers, until OCA can provide beds for them within their own facilities. That could be an option as once the lease expires, that money could be used for that purpose, in the short term. Plus, if OCA is receiving the government subsidy for any (or most) of them, they will want to retain that subsidy (and the resident) - so may simply pay another provider for the care, on a short term basis, until they can find a permanent bed. This is all just me mulling over the options I can see, but whether they are realistic/doable is something I do not know.
Maybe don't share this post with the family member though. I don't want to put that thought into their heads - just for us.
All good, thanks JAK.
Interestingly, very few. In fact, I can’t think of one resident who had no support from anyone. Most have children, but those who don’t, often have support from nephews and nieces, or close friends. Some have support through their church.
The important thing is that OCA now keeps families fully informed and supported, demonstrates that residents are their primary concern, and makes it clear that they do not want to lose any of these residents. Some families may be willing to (and financially able to) “upgrade” their family member to a care suite if that means they get a bed more quickly?
There are so many potential scenarios. It will be interesting to see whether OCA provides updates over the next couple of weeks. It would be excellent PR if they did.
Great posts JK. Very valuable informative contributions for all those invested in this sector.
ANZ been busy buying. Just under 9 million of them. https://www.nzx.com/announcements/414150
ANZ also bought a lot more of PEB recently :blink: