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An update from Regis Healthcare Ltd. ( (AU:REG) ) is now available.
Regis Healthcare has announced the resignation of Chief Executive Officer and Managing Director Dr Linda Mellors after more than six years in the role, with Mellors remaining in position during a six‑month notice period while the board undertakes a transition process. The board credited her with steering the company through the Aged Care Royal Commission, the COVID‑19 pandemic and major legislative reforms, overseeing significant growth and investment in people and systems that have left Regis in a strong financial and operational position, and it will now launch an executive search to appoint a new CEO.
The most recent analyst rating on (AU:REG) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on Regis Healthcare Ltd. stock, see the AU:REG Stock Forecast page.
More about Regis Healthcare Ltd.
Regis Healthcare Limited is one of Australia’s largest aged care operators, providing services to more than 10,000 older Australians through residential aged care homes, home care hubs, day therapy and respite centres, and retirement villages. With over 13,000 employees and a three-decade history, the company focuses on delivering high quality care and support across the aged care continuum.
Average Trading Volume: 1,162,518
Technical Sentiment Signal: Buy
Current Market Cap: A$2.21B
Find detailed analytics on REG stock on TipRanks’ Stock Analysis page.