Ryman Healthcare expands investor reach with ASX listing

Ryman Healthcare, New Zealand's leading retirement living and aged care provider, today listed on the Australian Securities Exchange (ASX), while retaining its primary listing on the New Zealand Stock Exchange (NZX). This dual listing enables direct trading of Ryman shares for investors and aims to increase liquidity for both new and existing shareholders.

The company currently operates nine villages in Victoria, Australia, serving over 2,000 residents and employing more than 1,500 staff. Since 2014, Ryman has invested over $2 bn in the Australian market and plans to accelerate growth, capitalizing on a projected tripling of Australians aged 80 and over to more than 3.5m by 2062–63.

Ryman Healthcare, founded in 1984, operates 49 retirement villages in New Zealand and Australia, housing 15,200 residents and employing 7,800 staff. chief executive Naomi James has initiated a $1.0 bn equity raise and aims to deliver $100 to $150m in sustainable cash performance improvement.