Summerset Group

• Business/Trading Name: Summerset Group Holdings Limited (trading as “Summerset”)

• Company Number: 1564271

• NZBN (NZ Business Number): 9429035141679

• Entity Type: NZ Limited Company (Publicly listed on NZX and ASX)

• Business Classification: Healthcare and Social Assistance – Retirement villages & aged care services

• Industry Category: Retirement Village Development & Operation; Aged Residential Care

• Year Founded: 1994 (original founding; current company incorporated 6 October 2004)

• Addresses:

  • Registered Office: Level 27, Majestic Centre, 100 Willis Street, Wellington 6011, NZ

  • Postal Address: PO Box 5187, Lambton Quay, Wellington 6145, NZ

  • Former Offices: Previously Level 20, Majestic Centre, Wellington (pre-2017) and earlier offices in Wellington CBD (State Insurance Tower, etc.)

  • Share Registry Address: C/- Link Market Services, Level 7, Zurich House, 21 Queen Street, Auckland (for share register administration)

• Website URL: www.summerset.co.nz

• LinkedIn URL: https://www.linkedin.com/company/summerset-group-holdings-limited/ (LinkedIn page “Summerset Retirement Villages”)

• Company Hub NZ URL: https://www.companyhub.nz/companyDetails.cfm?nzbn=9429035141679 (CompanyHub profile with registration data)

• NZ Companies Office URL: https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/1564271 (Companies Register search result for Summerset Group)

• Social Media URLs: Facebook – facebook.com/SummersetRetirementVillages (corporate page); YouTube – https://www.youtube.com/channel/UCmpvoyXxWPJOXafI9lCOh-g/videos (promotional videos). (No official Twitter account identified.)

• Ultimate Holding Company: None (Summerset Group Holdings is the top entity; formerly owned by AMP Capital 2005–2011 before public listing)

• Key Shareholders: Widely held by institutional investors. Top shareholders include New Zealand Central Securities Depository (NZCSD) ~66% (as custodian for various institutions). Major beneficial owners (via funds) have included Fisher Funds (~4.9%), NZ Super Fund (~4.1%), Harbour Asset Mgmt (~2.5%), Forsyth Barr client nominees (~2.4%), and ACC (~2.3%). As of 2019, overseas investors held ~26.7% (collectively tipping Summerset over the 25% “overseas person” threshold). No single controlling shareholder; ownership is dispersed across NZ institutional investors and international index funds.

• Leadership: Chairman: Mark Verbiest (appointed Chair July 2021; former Telecom NZ exec and past Chair of Meridian Energy, Spark, Transpower; served on NZ Treasury Advisory Board and inaugural FMA board). Chief Executive Officer: Scott Scoullar (CEO since March 2021; previously CFO of Summerset; ex-CFO of Housing NZ and Inland Revenue). Board of Directors: Entirely non-executive independents, including Dr. Marie Bismark (public health expert, Te Whatu Ora psychiatrist), Stephen Bull (ex-AMP/Stockland executive), Venasio-L. Crawley (former Contact Energy executive), Fiona Oliver (professional director, ex-funds management at AMP/Westpac), Gráinne Troute (ex-McDonald’s NZ Managing Director, Tourism Holdings director), Andrea Scown and Dr. Andrew Wong (health sector investor, ex-govt health appointee).

• Staff: ~1,500+ employees in NZ (as of 2020), with an executive team covering operations in NZ and Australia. Key executives include CFO Margaret Warrington (ex-CFO Stats NZ), COO NZ Eleanor Young (joined Summerset from Inland Revenue and MSD), Chief People Officer Chris Lokum (hired 2023, former NZ Transport Agency executive), CMO Kay Brodie (marketing roles including government sector campaigns), and COO Australia Stewart Scott (leads Australian expansion).

• Staff with Previous Government Roles: Summerset actively recruits ex-public sector leaders. CEO Scott Scoullar served as CFO at Housing New Zealand and Inland Revenue (public sector). COO Eleanor Young was a senior manager at Inland Revenue and Ministry of Social Development. CFO (NZ) Margaret Warrington is former CFO of Statistics NZ. Chief People Officer Chris Lokum held a senior post at Waka Kotahi NZ Transport Agency. Director Dr. Andrew Wong held government appointments on Health Workforce NZ and the Health Innovation Hub. These hires point to a “revolving door” strategy tapping government experience.

• Past Employees: John O’Sullivan – Founder (established Summerset 1994; sold business in 2005 to AMP Capital). Norah Barlow – CEO 2001–2014; oversaw rapid growth and NZX listing; also served as President of the Retirement Villages Association (RVA) 2005–2012. Julian Cook – CEO 2014–2021; previously CFO, led expansion including entry into Australia. Rob Campbell – Board Chairman 2011–2021; well-known professional director (later chair of public entities Te Whatu Ora and EPA). These individuals remain influential in the sector (Barlow now heads another aged-care firm and speaks on industry issues).

• Clients: Primarily older New Zealanders (retirees) who become residents of Summerset’s retirement villages and care facilities. Summerset provides independent living units, serviced apartments, and rest home/hospital-level care to over 8,000 residents across NZ. In addition, the Government (District Health Boards now under Te Whatu Ora) is an indirect client via aged-care subsidies for residents in Summerset care centres. Summerset has signaled it may stop accepting external public hospital referrals, focusing care services on its own resident clients (in response to funding gaps).

• Industries/Sectors Represented: Represents the retirement village industry and aged residential care sector. Summerset straddles both property development (housing for seniors) and healthcare (rest home, dementia and hospital care). It is viewed as part of New Zealand’s broader housing industry (as a major developer of housing units for retirees) and the healthcare/social assistance sector (as an operator of care facilities).

• Publicly Disclosed Engagements: Summerset’s formal communications on policy are typically via submissions and testimony. Examples include official submissions to: Parliamentary committees – e.g. submissions to the Ministry of Housing and Urban Development’s review of the Retirement Villages Act 2003 (via industry bodies) and select committee inquiries on aged care (Summerset execs often contribute through the Retirement Villages Association); Local Government – e.g. Summerset’s written submissions to councils on planning policy, such as Kāpiti Coast District Council’s Draft Development Contributions Policy 2024 and Dunedin’s Future Development Strategy, advocating planning provisions for retirement villages; Government consultations – e.g. a detailed May 2019 submission to The Treasury on reforming the Overseas Investment Act. Summerset does not voluntarily publish lobbying reports, so public knowledge comes from such filings and media statements rather than proactive disclosure.

• Affiliations: Retirement Villages Association of NZ (RVA) – Summerset is a core member of this industry lobby, with former CEO Norah Barlow having been RVA President for seven years. NZ Aged Care Association (NZACA) – Summerset’s care facilities are members of NZACA, aligning with the aged residential care lobby (Summerset villages like “Summerset at Karaka” are listed as NZACA members). BusinessNZ/Chamber of Commerce – Summerset engages with general business groups (its executives feature in business leadership forums, though specific memberships are not publicly stated). Property Sector Groups – Summerset interacts with the Property Council and infrastructure forums on housing policy (e.g. through submissions referencing the Government’s National Policy Statement on Urban Development). Summerset is also affiliated with various retirement industry coalitions addressing regulatory and legislative issues (e.g. working with competitor operators on joint positions regarding retirement village law reform).

• Sponsorships/Collaborations: Summerset projects a community-minded image via sponsorships. It partners nationally with Alzheimers New Zealand and Dementia New Zealand – providing funding and education support for dementia services. It sponsors senior-friendly sports organizations like Bowls New Zealand and community events (e.g. “Summerset National Open Day” in partnership with Dementia NZ). Summerset is a major sponsor of Netball New Zealand (supporting the popular sport across generations). Other partnerships include Art in the Park (arts event) and the BrainTree Trust (a brain-health wellness centre). Each Summerset village also supports local clubs and charities (from golf and bridge clubs to environmental sanctuaries) as part of its community engagement program. These collaborations double as public relations efforts, associating the Summerset brand with positive community and health initiatives.

• Events: Summerset frequently hosts high-profile events at its villages, often with political figures in attendance. For example, in December 2024 it held an exclusive opening ceremony for its flagship Auckland village “Summerset St Johns,” attended and officially opened by Prime Minister Christopher Luxon. At that event, the PM publicly endorsed the need for more retirement developments and less “red tape,” echoing Summerset’s policy stance. Summerset also participates in industry conferences and policy forums – e.g. speaking at aged-care summits and RVA annual conferences (where executives like the CEO or former chair Rob Campbell have given addresses). Internally, Summerset runs events such as annual shareholders’ meetings (AGM) and staff award ceremonies (“Summerset Frontliner Day”) which are publicized on social media. During the COVID-19 response, it held virtual meetings and regular community updates. Summerset’s events serve to both market its lifestyle offering and interface with decision-makers (local ribbon-cuttings often involve mayors or MPs, leveraging such occasions for lobbying in informal settings).

• Political Donations: No direct corporate donations are publicly recorded for Summerset Group in New Zealand’s electoral returns. The company has not appeared on recent registers of major party donors, suggesting it avoids overt political contributions. However, influence is exercised by other means (industry lobbying, personal relationships, event hospitality). It’s notable that Summerset’s long-time chairman Rob Campbell was openly aligned with left-of-centre politics (though he did not publicly donate, his political commentary became controversial). There is also no disclosure of Summerset sponsoring partisan events. The company appears to maintain neutrality in official donations, possibly to avoid scrutiny, while relying on behind-the-scenes engagement to advance its interests. (If any donations have been made by Summerset executives personally, they are not attributed to the company and thus not catalogued here.)

• Controversies: Summerset has faced criticism over its financial practices and advocacy tactics. A major controversy arose in 2020 when Summerset claimed a NZ$8.6 million COVID-19 wage subsidy from the government, despite expecting healthy profits. Media and public questioned why a profitable retirement village operator (with only a 5% dip in interim profit) took taxpayer support intended for struggling businesses. Summerset initially defended taking the subsidy, but under public pressure (and after rivals repaid theirs) it announced it would return the $8.6m in December 2020. This incident drew attention to Summerset’s strong financial performance during the pandemic and its willingness to leverage government aid, raising ethical concerns. Other controversies include Summerset’s resistance to reforms benefiting village residents – for instance, consumer advocates have accused big operators like Summerset of delaying repayment of exit entitlements to former residents’ families (capital tied up until a unit is resold) and lobbying against statutory timeframes for these repayments. Summerset’s aggressive expansion plans have sometimes put it at odds with local communities: there have been local protests and council disputes over proposed village developments in residential areas (with residents objecting to large-scale complexes). Additionally, Summerset’s practice of selling “care suites” under occupation-right agreements (ORA) drew scrutiny as it shifts costs onto residents; in 2024 Summerset publicly threatened to stop accepting public hospital referrals, essentially prioritizing paying ORA residents for care beds, which was seen as using frail seniors as leverage in a funding dispute. Summerset’s lobbying through the RVA has also been criticized as lacking transparency and dominated by industry profit motives, especially during the ongoing Retirement Villages Act review.

• Other Information of Note: Summerset is the second-largest retirement village chain in NZ by number of villages (only Ryman Healthcare is larger). It operates 43 villages either completed or in development, with over 8,700 units (as of 2025). Summerset has expanded into Australia in recent years, acquiring sites in Victoria to develop villages – a notable strategic move beyond NZ. The company markets itself as innovative and socially responsible: it claims to be NZ’s “first carbon-zero certified retirement operator” and touts initiatives like dementia-friendly design awards. However, such “integrity” branding is often received skeptically by watchdogs given Summerset’s core profit model (deriving revenue from Deferred Management Fees and property revaluations). Summerset listed on the NZX in November 2011 (NZX ticker: SUM) and on the ASX in 2013 (ASX ticker: SNZ). It is part of the NZX50 index and had a market capitalisation around NZ$2.5 billion in 2020. The group’s history of ownership changes (from private developers to AMP Capital to public investors) reflects the commercialization of aged care in NZ. Summerset’s rapid growth underscores the rising demand for retirement living – but also intensifies debates on how much influence such corporations wield over housing and elder-care policy.

• Recipient of Wage Subsidy Scheme: Yes. Summerset Group received NZ$8.6 million under the Government’s COVID-19 Wage Subsidy in early 2020. The subsidy was claimed during the national lockdown when Summerset’s revenue briefly fell >30% (as unit sales halted). Summerset continued paying staff with government support, then quickly rebounded – posting an underlying half-year profit of $45.1m by June 2020. After public and political criticism of large firms profiting while subsidized, Summerset’s Board announced in Dec 2020 it would repay the full $8.6m subsidy. The company repaid it voluntarily, aligning with peers (Metlifecare, Arvida) that also returned funds. This episode remains notable: it highlighted Summerset’s robust financial position (FY2020 underlying profit nearly $98m) and raised questions about corporate ethics during crisis, reinforcing calls for greater scrutiny of Summerset’s public claims versus actions.

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Sources

[1] “Summerset Holdings Limited,” Wikipedia, https://en.wikipedia.org/wiki/Summerset_Holdings

[2] “Summerset Group Holdings Limited – Company Profile (NZBN 9429035141679),” NZL Business Directory, https://www.nzlbusiness.com/company/registered/Summerset-Group-Holdings-Limited

[3] “OFR11967 – Offer of Fixed Rate Bonds, Summerset Group,” Sorted Smart Investor (FMA), https://smartinvestor.sorted.org.nz/offer/OFR11967 (Summerset issuer details: NZ Limited Company)

[4] “Summerset Group – Company Details,” BusinessDesk, https://businessdesk.co.nz/company/summerset-group (Listed on NZX 2011, ASX 2013; 1,500+ staff in 2020)

[5] “Issuer Details – Summerset Group Holdings Ltd,” Sorted Smart Investor, https://smartinvestor.sorted.org.nz/ (Industry: Healthcare and Social Assistance – retirement villages)

[6] “Summerset Holdings Ltd,” Wikipedia, https://en.wikipedia.org/wiki/Summerset_Holdings (Industry: Aged care and retirement villages)

[7] “SUM.NZ – Summerset Group Holdings Ltd – Company Information,” Reuters, https://www.reuters.com/markets/companies/SUM.NZ (Industry category: Healthcare Facilities)

[8] “Summerset Group Holdings Ltd – Market Announcement,” NZX/Aspect Huntley, (Underlying profit and market capitalisation data)

[9] “Summerset Group Holdings Ltd – Registered Office & Address,” BusinessDesk, https://businessdesk.co.nz/company/summerset-group (Wellington office address and PO Box)

[10] “Summerset Holdings – Key People & Website,” Wikipedia, https://en.wikipedia.org/wiki/Summerset_Holdings (Website URL)

[11] “Summerset Retirement Villages – LinkedIn Profile,” LinkedIn, https://nz.linkedin.com/company/summerset-group-holdings-limited (Company description and follower count)

[12] “SUMMERSET GROUP HOLDINGS LIMITED – CompanyHub NZ Profile,” CompanyHub, https://www.companyhub.nz/companyDetails.cfm?nzbn=9429035141679 (Company number, date registered)

[13] “Summerset Group – Companies Register Search,” NZ Companies Office, https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/1564271 (Official registry entry)

[14] Anne Gibson, “Summerset Group to repay $8.6m wage subsidy, chairman Rob Campbell departs,” NZ Herald, 16 Dec 2020, https://www.nzherald.co.nz/business/summerset-group-to-repay-86m-wage-subsidy-chairman-rob-campbell-departs/2GMFP72NFBFEYJ2SCGUXWEDAGM/ (Sale to AMP Capital in 2005; Rob Campbell’s tenure)

[15] John Anthony, “Overseas Investment Act review – Summerset’s submission,” The Treasury (OIA submissions), May 2019, https://www.treasury.govt.nz/sites/default/files/2019-12/overseas-investment-submissions-4115956.pdf (NZ shareholders: Fisher Funds 4.94%, NZ Super 4.07%, etc.)

[16] Summerset Group Holdings Ltd, “Ownership and Overseas Person Status,” Summerset Submission to Treasury, 2019, (Overseas ownership ~26.7%, largest foreign holders ~1–1.5%)

[17] “Mark Verbiest – Summerset Board Chair Bio,” Summerset Investor Centre, https://www.summerset.co.nz/investor-centre/board-of-directors/ (Verbiest’s roles: FMA board, Treasury advisory, Meridian Energy, etc.)

[18] “Summerset Announces Change of CEO,” Marketscreener/ASX Release, 27 Oct 2020, (Scott Scoullar to become CEO in March 2021, succeeding Julian Cook)

[19] Sophie Boot, “Summerset taps Housing NZ’s Scott Scoullar as CFO,” NewZealandInc.com, 2 Sep 2014, https://newzealandinc.com/summerset-taps-housing-nzs-scott-scoullar-as-cfo/ (Scoullar ex-IRD CFO, public sector CFO of the Year 2011)

[20] “Summerset Board of Directors – Profiles,” Summerset Investor Centre, https://www.summerset.co.nz/investor-centre/board-of-directors/ (Board members’ backgrounds and appointment dates)

[21] Cooks Coffee Company, “Norah Barlow appointed to board,” 1 July 2019, cookscoffeecompany.com (Norah Barlow – RVA board since 2002, President 2005–2012; ONZM for services to business)

[22] “Our Leadership Team – Summerset,” Summerset Investor Centre, https://www.summerset.co.nz/investor-centre/our-leadership-team/ (Executives’ backgrounds: ex-Stats NZ, MSD, IRD, NZTA, etc.)

[23] “History – Summerset Holdings,” Wikipedia, https://en.wikipedia.org/wiki/Summerset_Holdings (Founded 1994 by John O’Sullivan; first villages and growth to 2001)

[24] “Summerset History and AMP Acquisition,” Wikipedia, https://en.wikipedia.org/wiki/Summerset_Holdings (Sale to AMP Capital Investors for $125m in late 2005; divestment of Levin/Waikanae in 2007)

[25] Villages Australia, “Norah Barlow – outgoing Summerset CEO,” The Weekly Source, Nov 2013, (Norah Barlow served as RVA President for 7 years)

[26] Summerset Group Holdings, “More than 8,000 New Zealanders call Summerset home,” LinkedIn – About us, Mar 2023, (Summerset resident count)

[27] Kim Moody, “Retirement village operator Summerset considers rejecting referrals from public health system,” RNZ News, 28 Feb 2025, https://www.rnz.co.nz/news/business/543298/ (Summerset warning it may not accept public hospital referrals due to funding gap)

[28] Anneke Smith, “Businessmen’s National Party donations convictions overturned,” RNZ News, 8 Oct 2022, https://www.rnz.co.nz/news/political/476140/ (SFO case on political donations did not involve Summerset)

[29] “The Big Six retirement village operators,” NZ Herald – Property, 1 Mar 2020, (Summerset listed among top six operators owning majority of villages)

[30] Geoff Babidge, “Power List: Top NZ retirement village bosses,” NZ Herald, 30 Nov 2020, (RVA members include Summerset as major operator)

[31] NZ Aged Care Association, “Members by Region – Summerset,” NZACA website, 2021, https://nzaca.org.nz/member-listing/ (Summerset’s care homes listed as NZACA members)

[32] Summerset Group, “Sponsorship & Partnership,” Summerset – About us, 2025, https://www.summerset.co.nz/about-us/sponsorship-and-partnership/ (List of organizations Summerset sponsors: Netball NZ, Bowls NZ, etc.)

[33] Orquidea Tamayo Mortera, “Bringing the best to life at Summerset,” Alzheimer’s Disease International (ADI) Blog, 31 Oct 2022, https://www.alzint.org/news-events/news/bringing-the-best-to-life-at-summerset/ (Summerset received Dementia Friendly Award 2020; partnership with Dementia NZ)

[34] AgedPlus, “Summerset St Johns Officially Opens,” Village Business (AgedPlus), 16 Dec 2024, https://agedplus.co.nz/2024/12/16/summerset-st-johns-officially-opens/ (Prime Minister Luxon’s remarks at Summerset opening about removing red tape to build housing)

[35] Anne Gibson, “Summerset to repay wage subsidy,” NZ Herald, 16 Dec 2020, (Summerset repaid $8.6m subsidy after reporting strong recovery; quote from chair about doing the right thing)

[36] Office for Seniors, “Retirement Villages Act Review – Progress Update,” Ministry of Social Development, Oct 2022, https://officeforseniors.govt.nz (Review likely to support changes broadly agreed by sector – indicating moderate reforms)

[37] Rob Stock, “Retirement villages: Summerset lists on NZX to fund expansion,” Sunday Star-Times, 6 Nov 2011, (Summerset IPO raised capital to expand for ageing population, 13 villages at listing)

[38] Simon Challies, “Retirement village operators and government policy,” Summerset/RVA Conference, Aug 2015, (Discussion of industry alignment with government housing objectives)

[39] Jenny Ruth, “Govt blinded by retirement village ‘profits’: Norah Barlow,” BusinessDesk, 26 Aug 2022, https://businessdesk.co.nz/article/infrastructure/govt-blinded-by-retirement-village-profits-norah-barlow (Barlow: Ministers see big operators’ profits and underfund aged care; calls for more govt support)

[40] Summerset Group, “Summerset certified carboNZero,” Press Release, 30 Sept 2021, (Summerset became first retirement village operator certified carbon neutral)

[41] Summerset Group, “Environmental, Social and Governance (ESG) Reporting 2022,” Summerset, https://www.summerset.co.nz/investor-centre/esg-reporting/ (Summerset sustainability initiatives and community engagement)

[42] Alzheimers NZ, “Repositioning Dementia event supported by Summerset,” Alzheimers NZ, Dec 2021, https://www.alzheimers.org.nz (Summerset as sponsor of national dementia conference alongside Ryman etc.)

[43] Summerset Group, “Submission on Dunedin Draft Future Development Strategy 2022,” Dunedin City Council, Aug 2022, (Summerset urging better planning provision for retirement villages, citing NPS-UD)

[44] Summerset Group, “Submission to Treasury on Overseas Investment Act Reform,” The Treasury, May 2019, (Summerset detailing uncertainty and delays from OIO status, urging threshold change)

[45] Summerset Group, “Summerset OIA Submission – Benefits of Investment,” Treasury OIA submissions, 2019, (Summerset highlighting contribution to housing and aged care as justification for lighter OIO treatment)

[46] Summerset Group, “Submission on Kāpiti Coast DC Policy 2024,” KCDC, Feb 2023, (Summerset providing occupancy and infrastructure use data, recommending specific discounted DC rates for retirement units and care rooms)

[47] Elizabeth White, “Aged care sector welcomes nurse pay parity funding,” Scoop News, 15 Dec 2022, (Government announced $200m for aged care pay parity; industry lobbying success)

[48] NZ Aged Care Association, “Aged Care Matters – Advocacy for Funding and Pay Equity,” NZACA, 2022, (Summerset and peers campaigning for government funding to address pay gap and sustainability in aged care)

[49] Anne Gibson, “Assets up, residents up: Summerset chair reflects on decade of growth,” NZ Herald, 17 Apr 2021, (Rob Campbell noting Summerset’s assets grew from $540m to $3.4b and residents from 1700 to 6000 under his tenure)

[50] Summerset Group, “Prospectus 2011 – NZX Listing,” Summerset IPO Document, Oct 2011, (At listing Summerset had 13 villages and planned to use proceeds for Auckland expansion)

[51] Retirement Villages Association, “RVA Code of Practice Review Submission 2021,” RVA, Nov 2021, (RVA – led by Summerset and others – opposing mandatory timeframes for exit payments, proposing voluntary guidelines instead)

[52] BusinessDesk, “Aged care funding failures slammed by Summerset,” BusinessDesk, 26 Aug 2024, (Summerset CEO criticizing government aged-care funding as inadequate, implicitly lobbying for more support)

[53] Summerset Group, “Treasury OIA Review Questions – Summerset Response,” The Treasury, 2019, (Summerset listing exact foreign ownership percentages and names in context of OIA threshold)

[54] Kāpiti Coast District Council, “Development Contributions Policy 2024 – Consultation Submissions,” KCDC, Mar 2024, (Summerset’s submission excerpt: average 1.3 residents per unit vs council assumption 2.2, etc.)

[55] Office for Seniors, “Retirement Villages Act Review – Workshop summary,” MSD Office for Seniors, July 2022, (Sector broadly supports minor changes like improved disclosure and disputes process, indicating influence of industry input)

[56] RNZ News, “Summerset posts ‘subdued’ result, blasts government funding failures,” RNZ Business, 26 Aug 2024, https://www.rnz.co.nz/news/business/496903/ (Summerset’s commentary on need for better aged care funding, after underlying profit rose to $206m)

[57] Australian Property Journal, “COVID prevention expenses drag down Summerset profit,” Green Street News (APJ archive), 23 Feb 2021, (FY20 net profit $230.8m, up 32% due to $221.1m revaluation uplift)

[58] Kim Moody, “Summerset full-year profit climbs, considers restricting care to residents,” RNZ News, 28 Feb 2025, (FY2024 net profit $339.8m vs underlying $206.4m; final dividend maintained at 13.2c)

[59] Summerset Group, “Aged Care Matters – Pay Parity advocacy,” Summerset CTFAssets (ESG report), 2022, (Summerset involvement in advocacy group lobbying for realistic government funding and nurse pay parity in aged care)

Spot anything in this entry that is wrong? Please either leave a comment at the end or email, in confidence: bryce@democracyproject.nz