 | |
| Company type | Public |
|---|---|
| NZX: RYM | |
| Industry | Aged care |
| Founded | 1984 founded, 1999 IPO |
| Founder | John Ryder, Kevin Hickman |
| Headquarters | , |
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 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]
- ^ "Living & Care Options". Ryman Healthcare. Retrieved 20 November 2012.
- ^ "NZX Main Board | RYM". New Zealand Stock Exchange. Retrieved 20 November 2012.
- ^ "Our History". www.rymanhealthcare.co.nz. Retrieved 31 December 2015.
- ^ "Creating Shareholder Value". www.rymanhealthcare.co.nz. Retrieved 31 December 2015.
- ^ "Continuum of Care – Resthomes, Hospital Facilities, Elderly Community | Ryman Healthcare, New Zealand". www.rymanhealthcare.co.nz. Retrieved 31 December 2015.
- ^ Healthcare, Ryman. "William Sanders Retirement Village | Devonport | Auckland". www.rymanhealthcare.co.nz. Retrieved 17 February 2024.
- ^ Steeman, Marta. "Ryman Healthcare cautious Aussie debut". Fairfax New Zealand Limited. Retrieved 20 November 2012.
- ^ "Ryman Healthcare expands into Geelong - NZX, New Zealand's Exchange". www.nzx.com. Retrieved 21 February 2023.
- ^ "Ryman to spend $100m on second Melbourne village". NZ Herald. Retrieved 21 February 2023.