New Zealand's Ryman Healthcare, the country's largest listed retirement village investor, has reported a record realised profit of $36 million for the first half of the year ended September 30th. Ryman has reported a net profit of $52.5 million which represents an increase of 29% from the previous corresponding period. The significant growth in profit is largely due to the completion of several new apartment blocks over the past six months. Ryman is actively looking for its first Australian site and owns 22 villages across New Zealand.
Opinion
RIP: We are seeing the death of the family-run aged care operator
It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...
