Ryman Healthcare COVID-19 update Victoria

Tuesday 4th August 2020

Ryman Healthcare wishes to update shareholders on the impact of the Victorian Government’s latest restrictions to prevent the spread of COVID-19.

Ryman’s two operational villages, Weary Dunlop and Nellie Melba, have been in lockdown for the past four weeks with visiting restricted and full pandemic infection control measures in place.

The village teams have been delivering groceries and essential supplies to residents and helping to ensure care residents can keep in touch over Zoom and by phone.

The Victorian Government yesterday afternoon announced additional Level 4 lockdown restrictions.

These restrictions mean work at our Nellie Melba, Burwood East and Aberfeldie construction sites will be significantly reduced over the next six weeks.

The Government will provide additional guidance over the next few days, and the restrictions will come into force at midnight on Friday, August 7.

Construction on our Highton and Ocean Grove villages, which are outside Metropolitan Melbourne and are not subject to the Level 4 lockdown restrictions, will be able to continue in the meantime.

New residents can move into Weary Dunlop and Nellie Melba within the health guidelines. Sales appointments in person are restricted but can continue over Zoom, and our sales teams are working to keep all our prospective buyers up to date.

At this early stage of the lockdown it is hard to predict what impact it may have on our previously communicated target of delivering 900 beds and units in the 2021 financial year.

As previously communicated our annual shareholders’ meeting will be held in Christchurch on August 13.

Source: Ryman Healthcare

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