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Market Announcement 29 November 2021 Promisia PROMISIA HEALTHCARE INTERIM RESULTS For the six months ended 30 September 2021 Aged care provider , Promisia Healthcare Limited ( NZX : PHL ) has reported its unaudited results for the six months to 30 September 2021 . The company commenced operation as an aged care business in October 2020. The prior comparative period of the 15 months to 31 March 2021 reflects 5 months of trading as an aged care provider . The 6 months to 30 June 2020 reflects discontinued operations only . Promisia has a diversified growth strategy focused on facility development , broadening its revenue mix and acquisition of further aged care and retirement village facilities , particularly in provincial areas . The company currently has a portfolio of four aged care facilities ( three owned and one leased ) , focused on rest home and hospital services , including high needs and specialised aged care . During the recent COVID lockdowns and restrictions , the priority has been on delivering quality care and ensuring the safety of residents , particularly given the higher care needs of many residents . All on- site staff are fully vaccinated and robust health and safety protocols are in place . During the six month period , the company's leadership team was strengthened with the appointment of Chris Brown as CEO from 23 August 2021 and Angie Mehlhopt as the group's Financial Accountant in July 2021. The new executive team is focused on integrating and establishing systems across the group and executing Promisia's growth strategy . Good progress has been made on the development at Ranfurly Manor in Fielding which comprises 32 villas and 10 care suites . The care suites are due to be completed in the next two weeks and sales and marketing of these suites is now underway . Eight villas have been sold . The first four villas are expected to be ready for occupancy at the end of January 2022 , a further four villas are currently under construction with another four about to commence . Construction is being carried out at no capital cost to PHL , with the purchase price to be paid to the developer ( Colspec ) from proceeds of the initial sale of an ORA for each new villa or care suite . Rooms are also being opened progressively at Promisia's newest facility , Aldwins House in Christchurch , as demand grows which is currently at a slower rate than anticipated . New management and clinical teams have been put in place and a range of opportunities are being investigated to grow demand and minimise outgoings . Discussions with the landlord to acquire the building are ongoing . Occupancy levels at Promisia's other facilities remain strong . CEO of Promisia , Chris Brown , said : “ The team has done an outstanding job during yet another challenging period , as we focused on keeping our residents well cared for and safe during the latest COVID restrictions . Our immediate focus is on growing occupancy and revenue at our existing facilities , particularly Aldwins House , and building our systems infrastructure to support growth . The