Ryman Healthcare Limited
Recent research View all research
About Ryman Healthcare Limited
RYM is involved in the development, construction and operation of integrated retirement facilities for the long-stay care of the elderly. RYM has established a presence in the North Island and has a nationwide network of 27 villages and has recently acquired two sites in Australia. Weary Dunlop, in Wheelers Hill, Melbourne opened in April 2014 and RYM’s second Australian village, Brandon Park, is expected to open in FY17. RYM has a significant development pipeline of 4,228 beds at 31 March 2015, with 2,165 in Auckland and 705 in Melbourne. This equates to a ~4 year land bank and RYM is targeting to lift its build rate to 1,200 units and beds by FY18.