New Zealand: Ryman announces expansion plans as profits jump

New Zealand-listed Ryman Healthcare, which owns and operates retirement villages, has announced plans to build new developments in Australia and New Zealand. The announcement comes at a time when profits are rising fast. It intends to build a NZ$350m (US$228m) village in Coburg North Melbourne and NZ$205m on a development in Rolleston on the outskirts…

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