‘We felt the need to move’: Ryman acts quick to balance books

"We just weren’t comfortable in the tightness of covenants," CEO Naomi James said. (Image: Supplied)

Mon, 24 Feb 2025

Ryman Healthcare chief executive Naomi James says deteriorating market conditions necessitate decisive action to resolve the company’s balance sheet. The retirement village and aged care facility operator halted trading on Monday after telling the New Zealand Exchange (NZX) it sought $1 billion from investors to navigate market challenges and position for future growth. Talking to BusinessDesk after the announcement, James said the timing of the raise was influenced by uncertainty about when trading conditions will improve and...

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