Ryman Healthcare Expands Aged Care in Victoria with 5 New Facilities

Ryman Healthcare, an aged care provider established in New Zealand will expand its services in Victoria by opening five new facilities by the end of 2020.

Ryman Healthcare is budgeted to spend $2b on the building and development of the new facilities which will be built despite the threat of COVID-19 to the building industry.

According to Chair, Dr. David Kerr — Ryman’s sales have recovered well in New Zealand following the end of the COVID-19 lockdowns in May and the demand for aged care has remained strong.

“We put our villages into a second lockdown in Victoria in early July and our team has done a fantastic job to keep everyone safe over there in difficult circumstances over many weeks.’’

Dr David Kerr – Chair of Ryman Healthcare

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Victoria currently represents six percent of Ryman’s total resident population and remains a focus for future growth. 

Construction activity has been taking place across the Nellie Melba, Burwood East, and Aberfeldie sites in metropolitan Melbourne. Construction is continuing in regional sites at Highton and Ocean Grove under safe measures.

In 2019 we reported that Ryman had purchased Steller’s permit-approved site in Highett which now has a project value of $180m.

At this time, the acquisition of the Highett facility brought Ryman’s total number of sites in Melbourne to 11. This number is soon to stand at 16.

Ryman’s Chief Executive, Gordon MacLeod told The Australian Financial Review that, “We’ve got a number of potential irons in the fire…”

He went on to say, “It’s an exciting time for us. With the $2 billion build and development commitment in the state, this is really the start.”

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Image Source: The Urban Developer