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Ryman Healthcare co-founder and Qestral Corporation executive chair John Ryder says a recommendation from the Retirement Commission on repayment of sums of money to residents or their estates in a guaranteed time puts the aged care industry at serious risk of crashing.
Independent retirement village developer and co-founder of Ryman Healthcare John Ryder says a recommendation from the Retirement Commission will put the aged care industry “at serious risk of crashing”. Ryder, who co-founded Ryman Healthcare with Kevin Hickman, and was its joint chief executive for 18 years, now develops retirement villages through Qestral Corporation. His submission to the Retirement Commission’s white paper which recommends some changes in the industry, paints a dire picture of the consequences of the recommendations.