Type Public (NZX: RYM) Areas served US, Australia, UK, NZ Founded 1984 | Industry Aged care Headquarters New Zealand Founders John Ryder, Kevin Hickman | |
 | ||
Key people CEO - Simon Challies, Deputy CEO/CFO - Gordon Macleod,
Chairman - Dr David Kerr Products Retirement villages and aged care Owner Public listing company (NZX) Stock price RYM (NZE) NZ$ 8.39 +0.04 (+0.48%)24 Mar, 5:00 PM GMT+13 - Disclaimer Subsidiaries Malvina Major Retirement Village Limited | ||
Ryman healthcare people
Ryman Healthcare is a New Zealand retirement village and rest home operator. It is listed on the New Zealand Stock Exchange and is one of the largest companies listed on the NZX 50 Index.
Contents
- Ryman healthcare people
- Ryman healthcare turning risk mitigation into a digital transformation opportunity
- Company performance
- Awards
- References
Ryman Healthcare has 28 villages across New Zealand and two villages in Victoria, Australia. Its name is a portmanteau of its two founders, John Ryder and Kevin Hickman, who founded the company in 1984.
As at December 2015, Ryman Healthcare has a market capitalisation of over $4.2 Billion NZD. It has not had to raise capital since its IPO in 1990, funding all its development from operational cash-flows.
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, usually capped at 25% 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.
Ryman expanded into Australia in 2012, buying a site for development in Wheelers Hill, in eastern Melbourne, Victoria. They have since purchased another site for development in nearby Brandon Park, on a former high school site.
Other notable competitors to Ryman Healthcare in the New Zealand aged care sector include Metlifecare, Oceania, BUPA, Summerset Holdings and Arvida.
Ryman healthcare turning risk mitigation into a digital transformation opportunity
Company performance
Ryman Healthcare has demonstrated significant profit and share price performance since its inception. For the last five years, it has managed earnings growth of over 15% per annum. Its growth in market capitalisation has made it New Zealand's fourth largest company. Ryman has delivered 13 years of consecutive record earnings results since 2002. They employ over 4000 people, including in house development teams, builders and tradespeople, nursing and caregivers, cooks, cleaners, sales and support staff.
Awards
Ryman Healthcare have won a number of awards for business and healthcare, including: