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Summerset Group Holdings Ltd was founded in 1994 by John O'Sullivan, a Wellington-based property developer [2] initially opening a small hospital in Levin that year and a similar one in Waikanae in 1995. In 1997 the first retirement village with a hospital and rest home was opened in Wanganui.
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During her career, she held the position of president of the Retirement Village Association for seven years. [1] She also chaired the committee that developed the 2008 Code of Practice for retirement villages in New Zealand. [1] Barlow retired from her position at Summerset at the end of 2013 and remained on the board until 2016 as a director. [4]
Metlifecare is one of New Zealand's largest retirement village providers. They currently own and operate 43 retirement villages throughout the North Island of New Zealand. They have been listed on the NZX since 1994, [4] and the Australian ASX main board since October 2013, [5] until 2020, when the company was acquired by EQT Infrastructure ...
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It owns 14 villages across Britain with 1,609 residents. Eight contain on-site care homes with a total of about 300 residents. In 2014/5 the firm had sales of £35 million and paid its six directors a total of £498,000. In November 2016 it announced its intention to open seven more villages with a gross value of £200 million by 2021.
While new retirement communities have developed in various areas of the United States, they are largely marketed to older adults who are financially secure. Lower income retirement communities are rare except for government subsidized housing, which neglects a large proportion of older adults who have fewer financial resources. [11]