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Ryman News

Friday, 18 May 2018

MEDIA RELEASE

Board changes at Ryman Healthcare

Co-founder Kevin Hickman retiring, Geoffrey Cumming re-joining board

Kevin-Hickman-retirement

Ryman Healthcare co-founder Kevin Hickman is retiring from the board after more than 30 years.

Kevin Hickman and John Ryder founded Ryman in 1984 with $10,000 in capital each and the intention of building a company that provided the best of care for older people.

They listed Ryman on NZX in 1999 with a market capitalisation of $135 million, raising $25 million in capital.

The company is now the largest retirement village and aged care operator in New Zealand and has expanded into Victoria, Australia. Ryman operates 32 villages which provide homes for 10,600 residents, and the company employs 4,700 staff.

Ryman now has a market capitalisation of more than $5 billion and has paid out $690 million in dividends since 1999, and has never needed to go back to shareholders for more capital.

Kevin said he left the company in good heart.

“After 34 years I’ve decided the time is right to stand down, but I leave knowing that Ryman is in great hands under Gordon MacLeod’s leadership. I have complete faith in the team’s ability to continue with the same values and aspirations that the company has always had.’’

He added that it was his and his family’s intention to remain long term shareholders in the company.

Kevin thanked everyone involved with the company.

“A company is nothing without people. I’d like to thank the many thousands of residents and their families as well as loyal shareholders who have put their trust in us, along with the great team at Ryman who have made the company a success.

“As a leader you get lifted up by the people you employ. Or you get dropped pretty quickly. I’ve been lucky enough to work with many great people.’’

Ryman Healthcare Chairman Dr David Kerr thanked Kevin for his vision, leadership and huge contribution to Ryman over the past 34 years.

“There is no doubt that Ryman Healthcare would not be the company it is today without Kevin. He is one of New Zealand’s foremost entrepreneurs who saw an opportunity to build an ethical business to meet an important social need – the care of older people.

“His founding philosophy – that Ryman’s care had to be good enough for mum – remains our core principle today. He always put residents first, he sought to raise the bar in terms of care and the quality of our villages and he’s had a profound impact on improving quality of life for generations of older people.

“Kevin always led by example and invested in developing people. Not only did he create a special company with a great model, he ensured it was always in good hands. We thank him and we wish him all the best in his retirement.’’

Kevin Hickman ran the company jointly with John Ryder until July 2002. He was managing director until July 2006, when he handed over the company to its second generation of leaders. He has served as a non-executive director since then and his family interests have retained a substantial shareholding in Ryman.

In 2016 Kevin’s services to aged care and sport were recognised when he was made an Officer of the New Zealand Order of Merit.

Geoffrey Cumming said he was excited to be returning to the board. He will succeed Kevin from June 1.

Mr Cumming has been a substantial long-term shareholder in Ryman Healthcare.

He was a director prior to Ryman listing on the NZX in 1999, and stood down from the board in 2000. He has been a New Zealand citizen for more than 20 years.

“I’ve had a long association with Ryman and I am delighted to be re-joining the board,’’ Mr Cumming said.

“For me, there is no other company anywhere in the world as special as Ryman.

“Ryman fulfils a critical social purpose of caring wonderfully for older people, whilst creating excellent careers for staff. At the same time, it has provided an outstanding and steady long-term investment return for shareholders.’’


Contacts:

For media information or images contact David King, Corporate Affairs Manager, on 021 499 602 (+64 21 499 602) or email david.king@rymanhealthcare.com

For investor relations information contact Michelle Perkins, Investor Relations Manager, on 027 222 9684 (+64 27 222 9684) or email michelle.perkins@rymanhealthcare.com

 

Friday, 18 May 2018

MEDIA RELEASE

Ryman Healthcare expands into Havelock North

New retirement village to meet growing demand in Hawkes Bay

Ryman Healthcare is planning to build a new $100 million retirement village in Havelock North.

The new village on Te Aute Rd will be Ryman Healthcare’s 40th village in New Zealand, and will offer Havelock North residents a range of retirement living options as well as resthome, hospital and specialist dementia care.

Ryman Healthcare Chief Development Officer Andrew Mitchell said Havelock North had an ageing population and a shortage of retirement living options for residents.

“Because of its great climate Havelock North has long been a haven for people to retire to. There is a real shortage of retirement care options in the area, and we think residents will like the concept of a Ryman-style village in the area offering a continuum of care.’’

Ryman plans to build a village on the six-hectare site with independent living apartments and townhouses, assisted living apartments, and an aged care centre. It will also include resort-style amenities including an indoor pool, hair and beauty salons, a bowling green, and a movie theatre.

The site is in a peaceful setting beside a stream and is close to town.

“The site has fantastic views of Te Mata Peak and is only five minutes from Havelock North. We’re delighted to have secured it – we had been looking in the area for some time but were waiting for the right opportunity.’’

Havelock-site

The new village will free up local houses for sale, create more than 100 long-term jobs and inject about $10 million a year into the local economy. It will be Ryman’s second in the bay, Princess Alexandra is home to more than 250 residents.

Mr Mitchell said Ryman would be consulting with Havelock North residents before submitting plans for the village.

“We want to build an amenity that everyone in the area can be proud of so we will be talking to anyone interested in our plans before we develop them further.’’

Ryman Healthcare Chief Sales and Marketing Officer Debbie McClure said the company would like to hear from anyone with any naming suggestions for the village.

Ryman names all its villages after significant people. Other villages include Princess Alexandra, Kiri Te Kanawa in Gisborne and Edmund Hillary in Auckland.

Debbie said there was nothing like local knowledge.

“We’ve found over the years that the best suggestions come from the people who know the place well. We’d love to hear any suggestions there are out there. We’d love to name it in honour of a significant Hawkes Bay local who everyone can identify with.’’


About Ryman:

Ryman Healthcare was founded in Christchurch in 1984 and owns and operates 32 retirement villages in New Zealand and Australia. Ryman villages are home to over 10,600 residents, and the company employs over 4,700 staff.

Contacts:

For media information or images contact David King, Corporate Affairs Manager, on 021 499 602 (+64 21 499 602) or email david.king@rymanhealthcare.com.

For investor relations information contact Michelle Perkins, Investor Relations Manager, on 027 222 9684 (+64 27 222 9684) or email michelle.perkins@rymanhealthcare.com.

 

Friday, 18 May 2018

MEDIA RELEASE

Ryman Healthcare buys eighth village site in Victoria

New Ryman village planned for Aberfeldie, Melbourne

Ryman Healthcare is planning to build its eighth village in Victoria on a new site in north-west Melbourne.

The new village on Vida St will provide a full range of independent living options and aged care in a beautiful new resort-style village which will eventually be home to more than 200 residents.

Ryman Healthcare Chief Development Officer Andrew Mitchell said Aberfeldie was an excellent established suburb and the site was perfect for a Ryman village.

Aberfeldie-site

“The site is just 9km from Melbourne’s CBD and it is close to a supermarket and retail precinct. There is a real shortage of retirement care options in the wider Essendon and Moonee Ponds area, and we believe residents will like the concept of a Ryman-style village in the area offering a continuum of care.

“Aberfeldie has excellent schools and access to town, and we think the village will be popular with residents looking to downsize their large family homes. In turn this will free up the area for families wanting to move close to schools.’’

Ryman plans to build a village on the 1 hectare site and an aged care centre. It will also include resort-style amenities including an indoor pool, hair and beauty salons, a bowling green, and a movie theatre.

Mr Mitchell said Ryman would be consulting with Aberfeldie residents before submitting plans for the village.

“We want to build an amenity that everyone in the area can be proud of so we will be talking to anyone interested in our plans before we develop them further.’’

Ryman Healthcare consults with residents before naming its villages.

Other villages in Victoria include Weary Dunlop at Wheelers Hill and Nellie Melba at Brandon Park. Ryman Chief Sales and Marketing Officer Debbie McClure said naming suggestions were welcome.

"There’s nothing like a bit of local knowledge and we’ve found over the years that the best suggestions come from the people who know the place well. We’d love to hear any suggestions and to name it in honour of a Melbourne local."

Ryman Healthcare has sites for new villages at Coburg and Burwood East in Melbourne. In addition, it has sites at Mt Eliza and Mt Martha on the Mornington Peninsula, and at Geelong.

Ryman opened its first village at Wheelers Hill in Melbourne in 2014.


About Ryman:

Ryman Healthcare was founded in Christchurch in 1984 and owns and operates 32 retirement villages in New Zealand and Australia. Ryman villages are home to over 10,600 residents, and the company employs over 4,700 staff.

Contacts:

For media information or images contact David King, Corporate Affairs Manager, on 021 499 602 (+64 21 499 602) or email david.king@rymanhealthcare.com.

For investor relations information contact Michelle Perkins, Investor Relations Manager, on 027 222 9684 (+64 27 222 9684) or email michelle.perkins@rymanhealthcare.com.

 

Monday, 30 April 2018

Victorious day for Charles Upham

Military Day brings in the crowds

​​​Despite the rain and cold, hundreds turned up to see horses, military vehicles and army memorabilia at the Charles Upham’s Military Day.

"We were worried that people wouldn't turn up, but despite the weather it turned out well,” says Charles Upham’s commander, village manager Rachel Garrard.

The morning started with phones ringing non-stop from people enquiring if the event was still on, and 'soldier on' the village did!

Military-day3

Major Karl Maddaford talking to the NZ Mounted Rifles Charitable Trust's Mark Appleton

Military-day1

Major Maddaford speaking to the crowds


Horses and riders from the New Zealand Mounted Rifles Charitable Trust turned up on the day to gain support for veterans with Post Traumatic Stress Disorder.

The riders, led by Mark Appleton, informed the waiting crowd about the charity that was set up to represent the brave men and horses that fought in WWI.

Mark went on to talk about the specific equipment for both horses and riders.

“The kit that they wore had a bedroll at the back and possibly a tent, then you had the mess tin for your meals and a horseshoe carrier. You also had two small pouches for personal affects, which was just big enough to fit a pair of underpants in it!” Mark said.

The location for the Last Post also changed to indoors on account of the rain.

Military-day2

Bill Peck playing the Last Post


Major Karl Maddaford of the New Zealand Defence Force opened the event while Bill Peck played the Last Post.

“We are all crammed in here courtesy of the weather, instead of outside in the cold and wet, and it makes a tremendous amount of sense to anyone except an infantryman,” Major Maddaford said to the laughter of the crowd.

The major went on to talk about the legacy of the World War I veterans and why its still relevant in today’s world.

After the opening ceremony, the crowd dispersed to view the memorabilia and the military vehicles, which included double Victoria Cross recipient Charles Upham’s Land Rover. There was also a Sten submachine gun, a United States Army jeep and a troop carrier.

In the foyer of the village residents could view memorabilia from WWI, take their photo at a photo booth, and children could have their faces painted.

Military-day5

Little Athena with her unicorn face paint, about to brave the obstacle course


The village also set up an obstacle course, which the children enjoyed immensely.

“We set it up outside initially but of course with the rain it had to shift inside so we rushed to the Warehouse to get some tarps for the indoor obstacles,” Rachel said.

“It looked great outside but inside still looked good!”

Rachel also had a great idea to show a wartime movie on a loop throughout the day.

“Luckily, one of our residents, Reg Morris, had War Horse and we played that.”

To warm up from the cold, visitors were treated to delicious chicken noodle soup or lamb stew with a green jelly dessert to mark the day.

Military-day4

The mess hall staff worked hard to keep everyone fed


Residents Pam and Gerald Williamson braved the weather and were delighted with the event.

“It’s much bigger than we thought it would be, a great day for the village,” Pam said.

Friends and apartment neighbours, Betty Mitchell and Ethel Minton, ventured out of their homes to have a cup of tea and to see “what’s going on!”

“It's so busy we have to sit closer so as not to shout!”

The day was a spectacular success for the village and Rachel couldn’t be more pleased even despite the weather not playing ball.

 

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