Ryman Healthcare Limited develops, constructs, owns and operates retirement villages, rest homes and aged care facilities in New Zealand and Australia. The company offers independent living apartments and townhouses; serviced apartments with housekeeping and daily meals; rest home care; hospital-level care; specialist dementia care; and respite care services through an integrated continuum of care model across its villages, which include resort-style amenities such as indoor pools, gyms, libraries and movie theatres. Ryman Healthcare serves over 15,000 residents in 49 operational villages, with 48 in New Zealand and eight in the Melbourne area of Australia, targeting seniors seeking retirement living and aged care; it employs approximately 7,700 staff. Founded in 1984 by John Ryder and Kevin Hickman and headquartered at 92D Russley Road, Christchurch, New Zealand, the company lists on the NZX under ticker RYM and the ASX. In February 2025, Ryman Healthcare completes a NZ$1 billion equity raise comprising a NZ$313 million institutional placement and a NZ$688 million pro-rata entitlement offer to reset its balance sheet and reduce gearing; in November 2025, it refinances NZ$2 billion syndicated loan facilities with a five-year average tenor and lists on the ASX on 1 October 2025 to broaden investor access; during 1H26 ending September 2025, it achieves first positive free cash flow of NZ$56.2 million, lifts annualised cost savings target to NZ$50-60 million, raises occupation right agreement sales guidance to 1,300-1,400 units at higher 28.8% average deferred management fees, completes Kevin Hickman and Nellie Melba village stages, appoints Richard Stephenson as Chief Development and Property Officer for 2026 and sells land assets including Park Terrace for NZ$42 million and Mount Eliza for NZ$35 million as part of a land bank review.