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Regis Healthcare Ltd. ( (AU:REG) ) has issued an announcement.
Regis Healthcare Ltd’s recent Annual General Meeting highlighted its focus on improving care outcomes and sustainable business growth. The company reported significant improvements in key performance indicators and employee engagement, alongside a multi-pronged investment strategy. This includes greenfield developments, with new facilities like Regis Camberwell achieving full occupancy, and ongoing construction in other locations. Regis is also expanding its development pipeline and pursuing strategic acquisitions to meet its goal of operating 10,000 quality beds by FY28, reflecting its commitment to adapting to the growing demand and evolving needs in the aged care sector.
The most recent analyst rating on (AU:REG) stock is a Hold with a A$7.00 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 is one of Australia’s largest aged care operators, providing services to over 10,000 older Australians through residential aged care homes, home care service hubs, day therapy and respite centers, and retirement villages. The company, with over 13,000 employees, focuses on delivering high-quality care and services.
Average Trading Volume: 1,284,513
Technical Sentiment Signal: Buy
Current Market Cap: A$2.19B
Find detailed analytics on REG stock on TipRanks’ Stock Analysis page.