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Regis Healthcare Ltd. ( (AU:REG) ) just unveiled an update.
Regis Healthcare Limited has acknowledged the Australian Government’s recent announcement regarding increased pricing for the Australian National Aged Care Classification (AN-ACC) and hotelling supplement. These changes are aimed at funding wage increases for direct care workers and nurses as per the Fair Work Commission’s recommendations. Regis is currently assessing the financial implications of these changes and will continue to update the market in line with its disclosure obligations.
The most recent analyst rating on (AU:REG) stock is a Hold with a A$7.50 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 the largest aged care operators in Australia, providing services to over 10,000 older Australians through residential aged care homes, home care service hubs, day therapy and respite centres, and retirement villages. The company has been in operation for over 30 years and employs more than 13,000 dedicated staff, focusing on delivering high-quality care and services.
Average Trading Volume: 722,466
Technical Sentiment Signal: Buy
Current Market Cap: A$2.43B
See more insights into REG stock on TipRanks’ Stock Analysis page.