Ryman Healthcare announces $1b equity raise to strengthen balance sheet

Chair Dean Hamilton said the move will provide Ryman with “the foundations to deliver further transformation initiatives”. (Image: Supplied)

Gregor Thompson

Mon, 24 Feb 2025

Ryman Healthcare has asked investors for $1 billion to fortify its balance sheet and drive operational transformation.The retirement village and aged care facility operator halted trading on Monday after telling the New Zealand Exchange (NZX) it sought capital from investors to navigate market challenges and position for future growth. The raise comprises a $313 million underwritten placement for eligible institutional shareholders and new institutional investors and a $688m underwritten pro-rata accelerated non-renounceable entitlement of...

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