Ryman Healthcare Limited develops, owns and operates integrated retirement villages, resthomes and hospitals for the elderly within New Zealand and Australia. The Company provides living and care options, offering its residents the retirement village living and aged care. As of March 31, 2012, it operated 25 friendly villages, providing homes for residents. As of March 31, 2012, the village portfolio reached 5,448 aged care beds and retirement village units spread over 24 villages. The Company?s subsidiaries operate in the aged care sector in New Zealand. Its subsidiaries include Anthony Wilding Retirement Village Limited, Beckenham Courts Retirement Village Limited, Ernest Rutherford Retirement Village Limited, Frances Hodgkins Retirement Village Limited, Grace Joel Retirement Village Limited, Hilda Ross Retirement Village Limited, Jean Sandel Retirement Village Limited, Kiri Te Kanawa Retirement Village Limited and Evelyn Page Retirement Village Limited.