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Ryman Healthcare hikes prices, cuts jobs in bid to restore finances

Author
Newstalk ZB,
Publish Date
Mon, 2 Sep 2024, 8:43pm
Ryman Healthcare, has downgraded its profit outlook, citing slower sales and falling margins.
Ryman Healthcare, has downgraded its profit outlook, citing slower sales and falling margins.

Ryman Healthcare hikes prices, cuts jobs in bid to restore finances

Author
Newstalk ZB,
Publish Date
Mon, 2 Sep 2024, 8:43pm

Retirement village operator Ryman Healthcare is raising prices and slowing down construction efforts to repair its financial holes. 

The company has raised its deferred management fee (DMF) and made three senior executives redundant in order to get profits back up.

Ryman Healthcare executive chair Dean Hamilton says people are living longer and staying longer - and they need to restructure to address that.

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