Ryman outlines plan to get ‘Fit for the Future’

Ryman outlines plan to get ‘Fit for the Future’
Ryman – chaired by Dean Hamilton (above) – has announced it will pause new developments until March 2026. (Image: Michael Craig)
Gregor Thompson
Ryman Healthcare announced a raft of new measures on Monday morning under what the company has dubbed its "Fit for the Future" programme. The overhaul includes amendments to pricing, a new management structure, a pause and reset on development, and more accounting transparency. “[The] Fit for the Future programme has sought to identify initiatives to improve Ryman’s financial performance whilst maintaining exceptional resident experience and care,” Ryman said.In the same announcement, New Zealand's larg...

More Property

Hotchin entity wins property dispute
Property

Hotchin entity wins property dispute

Appeal court rules on property dispute assessment.

Victoria Young 10 Sep 2024
'Prudent steps': Ryman amends covenants and extends debt
Property

'Prudent steps': Ryman amends covenants and extends debt

A $115 million bank facility has been extended nearly two years.

Gregor Thompson 10 Sep 2024
Administrator appointed at ‘hotel within hotel’
Property

Administrator appointed at ‘hotel within hotel’

Lack of clarity on how Sofitel maintenance funds have been spent, judge rules.

Maria Slade 10 Sep 2024
Material Matters: Govt to bear more building consent liability
Property

Material Matters: Govt to bear more building consent liability

Chris Penk signals a liability shift to speed up housing consents and boost innovation.

Dileepa Fonseka 06 Sep 2024