Regis Healthcare Ltd. (AU:REG) has released an update.
Regis Healthcare Ltd. has expanded its presence in Melbourne with the acquisition of two premium residential aged care homes for $35.5 million, expected to be earnings accretive by FY25. The acquisition, part of their growth strategy, is funded by existing cash and will bring the company’s portfolio to 68 homes with around 7,660 beds. The company also supports bipartisan aged care funding reforms aimed at improving the system’s equity and sustainability.
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