We have a clear focus, which has not changed since we listed in 1999 – to be the leading provider of retirement and healthcare facilities for the elderly.
Our own people design, build and operate our villages, providing a quality service at a significant cost advantage compared to others in the sector. Each village offers a range of care options, to ensure the changing health requirements of our residents are met, and our residents benefit from our 30 years of experience.
The company has doubled its underlying profits over the last five years. This has been achieved during a time where the 75+ population has been growing at a relatively flat rate of 5,000 per annum.
Over the next 10 years the rate of growth in the 75 + population lifts four fold.
So, we are now at the point of inflection for the aging of the 75+ population - and this significant lift will continue for the next three decades. In fact, Statistics NZ estimates the number of New Zealanders aged 75 plus will almost triple to 731,000 over the next thirty years. In Victoria the outlook is similar, with the number set to triple to 1.1 million.
Our reputation is growing, and we know that if we remain focused on delivering good service to our residents and their families then we will be rewarded.