Company type | Public |
---|---|
NZX: RYM | |
Industry | Aged care |
Founded | 1984 founded, 1999 IPO |
Founders | John Ryder, Kevin Hickman |
Headquarters | , New Zealand |
Areas served | NZ, Australia |
Key people | Executive Chair – Dean Hamilton, CFO – Rob Woodgate |
Products | Retirement villages and aged care |
Owner | Public listing company (NZX) |
Number of employees | 5000+ |
Website | www |
Ryman Healthcare Limited is a New Zealand retirement village and rest home operator. It is listed on the New Zealand Stock Exchange and was one of the largest companies listed on the NZX 50 Index.[1][2]
Ryman Healthcare has 48 operational villages across New Zealand and eight in Melbourne, and is developing further villages in New Zealand and Victoria (Australia). Its name is a portmanteau of its two founders, John Ryder and Kevin Hickman, who founded the company in 1984.[3]
As at June 2024, Ryman Healthcare has a market capitalisation of over $2.6 Billion NZD.[4]
Ryman's business model is a mixture of property development and healthcare services. It operates on a "deferred management fees" model where the village resident pays for a lifetime occupancy use of their apartment or unit, and upon moving out, the resident or their estate receives a lesser sum back for their unit, capped at 20% deducted if over a five-year period.
Ryman Healthcare villages offer a blend of different retirement living options at their villages, which are usually large enough to support a mini-hospital for residents and a secure dementia wing. Ryman describe this as a "continuum of care" where residents can remain in the Ryman village of choice, whether it is for independent retirement living, rest home care, dementia or hospital care.[5] All villages are named after Kiwi or Australian "trailblazers".[6]
Ryman expanded into Australia in 2012, buying a site for development in Wheelers Hill, in eastern Melbourne, Victoria.[7] Ryman has since purchased another eight sites for development at Brandon Park, Burwood East, Coburg, Mt Eliza, Mt Martha, Aberfeldie, Ocean Grove and Geelong.[8][9]