Retirement operator rides high on demographics

The company, which operates a mix of aged-care facilities and independent units, is driving aggressive expansion as it looks to increase profits 15% a year.

Like its peers, Ryman is putting heavy emphasis on this country's ageing population, with statistics showing the number of people over 65 almost doubling by 2026.

Ryman, which reported a net profit of $15.3 million in the March year, recently acquired a new site in Christchurch and now has a landbank sufficient to provide a further 940 retirement village units and 427 resthome/hospital beds.

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