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.
Thinking of rescuing a collapsing aged care home? Expect to pay $50K to $1.5M to get the deal done
As ACCC merger reform collides with a shifting transfer system, saving an aged care home could soon cost operators months in delays and hundreds of thousands in filing fees before a single resident moves. Two big obstacles have been added to helping...