Ryman Healthcare Welcomes New Zealand Aged Care Funding Reform Report

MT Newswires Live
08/18

Ryman Healthcare (NZE:RYM, ASX:RYM) said it welcomes the release of the independent Ministerial Advisory Group report on aged care funding and reform in New Zealand, which incorporates design elements from Australia's recently enacted aged care funding reforms, according to a Tuesday filing on the Australian and New Zealand bourses.

The company said the report includes near-term funding uplifts to support the aged care sector, and a split-funding model across care, daily living and accommodation costs, with the government funding most clinical care costs and greater means testing of daily living and accommodation costs.

The government is now considering the recommendations and has yet to release its policy response, the filing added.

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