16 May 2013

Ryman Healthcare forecast to announce 17% rise in profit

7:07 am on 16 May 2013

Forsyth Barr analyst Jeremy Simpson is forecasting Ryman Healthcare will announce a 17% rise in underlying annual profit on Thursday, slightly ahead of the company's guidance.

He said all aspects of the business are firing at the moment including care fees, management fees, resale gains and the development of new units that are sold.

More beds are being made available at a higher fee because they provide residents with a level of hospital care, rather than only providing traditional aged care.

Mr Simpson said Ryman has been developing at a fast rate with about 700 extra beds in units over the past year.