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Regis Healthcare Ltd. ( (AU:REG) ) has provided an update.
Regis Healthcare Ltd. has entered into a binding agreement to acquire Rockpool RAC Holdings Pty Ltd, which includes four premium residential aged care homes in South-East Queensland, totaling 600 beds. The acquisition, valued at approximately $135 million, is expected to be earnings accretive by FY26 and will be funded through existing net cash, with the transaction anticipated to complete by 1 September 2025.
The most recent analyst rating on (AU:REG) stock is a Buy with a A$5.00 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 Ltd. operates in the healthcare industry, focusing on providing residential aged care services. The company manages a network of aged care facilities, offering premium care and accommodation to elderly residents.
Average Trading Volume: 698,095
Technical Sentiment Signal: Buy
Current Market Cap: A$2.24B
For a thorough assessment of REG stock, go to TipRanks’ Stock Analysis page.