NZ village operator Ryman announces a 23% profit increase to $133 million for six months

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New Zealand village operators continue to outperform Australian businesses. Their number one village operator, Ryman Healthcare, generated $133 million profit in six months from 4,958 village units.

By comparison Stockland made $54 million over a full 12 months from 8,420 village units.

The New Zealand model is based on co-located care – meaning on the one campus they have retirement villages, serviced apartments and residential aged care.

Their basic DMF is 20% and weekly fees are fixed at entry.

The model is so successful that in the past six years not one stand-alone residential aged care facility has been built in New Zealand. All new care facilities are funded and located in retirement villages.