Promisia appoints COO, reports strong occupancy, divests land

Promisia Healthcare (NZX: PHL) has appointed Graeme Dodd as its Chief Operating Officer, effective June 9, 2025. Dodd will oversee operational delivery across Promisia's aged care and retirement village facilities, bringing over 20 years of senior leadership experience. Promisia also announced it secured approval for a 20-bed dementia care wing at its Nelson Street facility, with construction underway and certification expected in early May. The announcement highlighted strong overall occupancy across its facilities, with Ranfurly Manor and Ripponburn showing increased occupancy rates in March 2025 compared to September 2024. Golden View experienced a slight decrease, attributed to a temporary dip in dementia referrals. The company is divesting land parcels adjacent to Aldwins House to redeploy capital into strategic initiatives. Promisia reaffirms its full-year guidance, anticipating double-digit earnings growth, with preliminary results expected by the end of May 2025.