Ryman Healthcare

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Ryman Healthcare Limited
Company type Public
NZX: RYM
IndustryAged care
Founded1984 founded, 1999 IPO
FoundersJohn Ryder, Kevin Hickman
Headquarters
Christchurch
,
New Zealand
Areas served
NZ, Australia
Key people
Executive Chair – Dean Hamilton, CFO – Rob Woodgate
ProductsRetirement villages and aged care
OwnerPublic listing company (NZX)
Number of employees
5000+
Website www.rymanhealthcare.co.nz

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]

Contents

Ryman Healthcare has 48 operational villages across New Zealand and eight in Melbourne, and is developing further villages in New Zealand and Victoria (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]

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. [10] Ryman has delivered 15 years of consecutive record earnings results since 2002. [11] Ryman employs over 6700 people, including in house development teams, builders and tradespeople, nursing and caregivers, cooks, cleaners, sales and support staff. Ryman villages are home to more than 13,200 residents.

Awards

Ryman Healthcare have won a number of awards for business and healthcare, including:

The Ryman Prize

In 2015 Ryman Healthcare announced it was supporting the launch of the Ryman Prize. [17]

The Ryman Prize [18] is an annual $250,000 NZD for the best idea, innovation or advance in the world that enhances quality of life for older people. It is a philanthropic initiative administered by The Ryman Foundation. Hollows Foundation founding director Gabi Hollows won the inaugural Ryman Prize [19] for her decades of work to restore the sight of more than 1 million people with preventable blindness.

Alzheimer's Disease researcher Professor Henry Brodaty won the 2016 prize. Professor Brodaty, who lives in Sydney, is Scientia Professor of Ageing and Mental Health, the founding Director of the Dementia Collaborative Research Centre and Co-Director of CHeBA, the Centre for Healthy Brain Ageing at the University of New South Wales. [20]

The 2017 Ryman Prize went to Professor Peter St George-Hyslop. Professor St George-Hyslop is a medical scientist, neurologist and molecular geneticist who is known for his research into neurodegenerative diseases. He has identified a number of key genes that are responsible for nerve cell degeneration and early-onset forms of Alzheimer's disease. He splits his time between the University of Cambridge and the University of Toronto where he has research labs. [21] [ circular reference ] [22] [23]

Professor Takanori Shibata was awarded the 2018 Ryman Prize in recognition of his more than 25 years of ground-breaking research into new technology to help older people.

Professor Shibata, an artificial intelligence (AI) and robotics pioneer, was presented with the prize by the Right Honourable Jacinda Ardern, Prime Minister of New Zealand.

The 2019 Ryman Prize was awarded to Dr Michael Fehlings, a Canadian neurosurgeon, for his pioneering research into degenerative cervical myelopathy (DCM), a spinal disorder that affects older people. [24]

The 2020 Ryman Prize went to Dr. Miia Kivipelto of Finland, for her work on cognitive impairment, Alzheimer's disease, and dementia.

The 2021 Ryman prize was awarded to Dr. Kenneth Rockwood [25] of Dalhousie University in Halifax, Nova Scotia, for his work on a geriatric Frailty index, done jointly with Dr. Arnold Mitnitski, also of Dalhousie University.

The 2022 Ryman Prize was awarded to Professor Perminder Sachdev, neuropsychiatrist and Scientia Professor at the University of New South Wales in Sydney for his more than 30 years of research into the causes and treatment of psychiatric disorders including dementia.

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Charles Fleming Retirement Village is a retirement village in Waikanae, New Zealand. Opened in 2013 and named after Sir Charles Fleming, it houses 140 beds with a resident capacity of over 400. It was built by Ryman Healthcare with a construction cost of $100 million. It includes a dementia facility, independent units and townhouses. The main block of apartments is three storeys high.

References

  1. ↑ "Living & Care Options". Ryman Healthcare. Retrieved 20 November 2012.
  2. ↑ "NZX Main Board | RYM". New Zealand Stock Exchange. Retrieved 20 November 2012.
  3. ↑ "Our History". www.rymanhealthcare.co.nz. Retrieved 31 December 2015.
  4. ↑ "Creating Shareholder Value". www.rymanhealthcare.co.nz. Retrieved 31 December 2015.
  5. ↑ "Continuum of Care – Resthomes, Hospital Facilities, Elderly Community | Ryman Healthcare, New Zealand". www.rymanhealthcare.co.nz. Retrieved 31 December 2015.
  6. ↑ Healthcare, Ryman. "William Sanders Retirement Village | Devonport | Auckland". www.rymanhealthcare.co.nz. Retrieved 17 February 2024.
  7. ↑ Steeman, Marta. "Ryman Healthcare cautious Aussie debut". Fairfax New Zealand Limited. Retrieved 20 November 2012.
  8. ↑ "Ryman Healthcare expands into Geelong - NZX, New Zealand's Exchange". www.nzx.com. Retrieved 21 February 2023.
  9. ↑ "Ryman to spend $100m on second Melbourne village". NZ Herald. Retrieved 21 February 2023.
  10. ↑ "Share Performance". www.rymanhealthcare.co.nz. Retrieved 31 December 2015.
  11. ↑ "Thirteen Years of Record Results". www.rymanhealthcare.co.nz. Retrieved 31 December 2015.
  12. ↑ "Ryman Healthcare achieves top 10 world ranking". 15 August 2017 – via www.nzherald.co.nz.
  13. ↑ "How Top Value Creators Outpace the Market—for Decades". www.bcg.com. 8 January 2021.
  14. ↑ "Ryman managing director wins Deloitte Top 200 award". www.rymanhealthcare.co.nz. Retrieved 31 December 2015.
  15. ↑ "Trusted Brands New Zealand Ryman Healthcare Showcase". www.trustedbrands.co.nz. Retrieved 31 December 2015.
  16. ↑ "Workbase Top 200 award Ryman healthcare". workbase.org.nz. Retrieved 31 December 2015.
  17. ↑ "Prime Minister launches US$150,000 international prize". Archived from the original on 27 February 2018. Retrieved 1 October 2017.
  18. ↑ Healthcare, Ryman. "The Ryman Prize - Winners". Ryman Healthcare. Retrieved 18 November 2022.
  19. ↑ "Gabi Hollows 'honoured' to be awarded Ryman prize" – via TVNZ.
  20. ↑ Healthcare, Ryman. "The Ryman Prize | Ryman Healthcare". www.rymanhealthcare.co.nz.
  21. ↑ Peter St George-Hyslop
  22. ↑ "Top Alzheimer's researcher receives Ryman Prize | INsite Magazine". Archived from the original on 2 October 2017. Retrieved 1 October 2017.
  23. ↑ "Alzheimer's will be cured, but world expert can't say when". Stuff.
  24. ↑ "Canadian neurosurgeon wins Ryman Prize".
  25. ↑ "Halifax physician Ken Rockwood wins international award for dementia work - Halifax". Global News. 15 December 2021. Retrieved 18 November 2022.
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