Forum Archive Index - September 2000

["Colin Ross" <ceejaynz@xtra.co.nz>]

I've been pondering on this subject for a while now, and would like to share
my thoughts with the group.
I have recently retired from over 40 years experience as a retail Pharmacy
Proprietor. During that time, I had a good deal to do with Retirement homes
and similar facilities.
There has been a long period  in the past where  government subsidies
provided profitable opportunities for Retirement Home providers.
However, during the more  recent past the generosity of these provisions
have been reduced to the point where margins have become very tight, many
operators have been forced out of business, and the survivors have needed to
become very "efficient" which has often  resulted in inferior services,
employment of cheapest possible labour, and a general squeeze on contractor,
Doctors, Pharmacists, etc..
Eventually, there may well be a market for User-pays services, but right
now, the public has a contrary mind set.
In my opinion, the Corporate providers will have their work cut out to
become profitable. Hard working owner operators are managing to prosper, but
they need to be very good at it and extremely hard working.
I am certainly very pleased to have extricated myself from this quagmire...
Ceejay
----- Original Message -----
From: Kelvin Worsfold <kelw@ihug.co.nz>
To: Sharechat <sharechat@sharechat.co.nz>
Sent: Thursday, July 20, 2000 12:44 PM
Subject: [sharechat] Eldercare


> What are the thoughts on Eldercare as a long term hold, I have seen some
> brokers reports saying, BUY, but little action on the market, your
thoughts
> please.
>
>
> Everywhere is walking distance if you have time
>
>
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