retirement village

Retirement village operator Ryman Healthcare has posted a lower-than-expected half-year profit.

The company had earned $186 million after tax for the six months to September, a 4 percent decrease from 2022.

Chief executive Richard Umbers says this loss is driven by a more subdued housing market. 

"The housing market is under pressure. That impacts our ability to sell, which inevitably has a flow-through effect on the business." 

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Retirement village operator Ryman Healthcare has posted a lower-than-expected half-year profit.

The company had earned $186 million after tax for the six months to September, a 4 percent decrease from 2022.

Chief executive Richard Umbers says this loss is driven by a more subdued housing market. 

"The housing market is under pressure. That impacts our ability to sell, which inevitably has a flow-through effect on the business." 

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

Welcome to this special episode where we move the focus away from the caregiver and shake things up a bit.

Meet Bobette, Joanna, Lorena, Molly, Joyce, James, Duane and Roni. These vibrant, plucky seniors are enjoying life at Covenant Living at Mt. Miguel retirement village in San Diego county.  Accomplished, creative, energetic folks who managed to avoid sandwiching their kids by making their own decision to secure their future care through a three-tiered community that goes from independent living to assisted living to skilled nursing.

Their stories are relatable, honest, humble and completely dispel the stereotypes we harbor about what a retirement home is.  As a matter of fact, they don't use the word 'home' rather they are a village who look after each other, stay connected through all levels of care and provide peace of mind for their family knowing they are in a safe, stimulating environment that offers many activities and camaraderie they wouldn't otherwise get living with their children.

It was an honor to meet them.

https://www.covlivingmountmiguel.org

Thank you for listening and be sure to subscribe. 


Music by Pixaby

Illustration by Erica Karlin Studio

Episode 10 and Helen is meeting up with her old college friend, Rozzie, who is not keen to move into a retirement village on her own,   Then there is René, the student actor from Scotland now working part time at the Cheese Shop Cafe, about to move back to a new school in Scotland. Meantime, Helen has some irritating emails to deal with.

You will find lots of information about this week's guest actors, Frances Broudie and Christopher McDougall, on the website www.amIoldyet.com/guests.   Please support our work with a donation at BuyMeaCoffee.com/amIoldyet, or by becoming a regular subscriber at Patreon.com/amIoldyet.  Thank you so much!.

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