Ryman Healthcare says there is no slowdown in sight for its growth.
It is to open another two new retirement villages in Orewa and Whangarei - keeping it on track to open two villages per year.
Ryman now owns 21 retirement villages.
Chairman David Kerr says Ryman has increased both profits and dividend nine fold since listing in 1999.
Dr Kerr says the business will benefit as more people live longer.