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Regis Healthcare Ltd. ( (AU:REG) ) has provided an announcement.
Regis Healthcare Limited has announced the sale of two residential aged care homes in Far North Queensland to Ozcare, a not-for-profit provider. This divestment is part of Regis’ strategy to optimize its national portfolio and focus on high-demand, premium locations. The transaction is expected to yield a one-off pre-tax gain of approximately $25 million, which will be reflected in the company’s FY26 financial results. The sale is anticipated to be completed by March 2026, ensuring a smooth transition for residents, families, and staff. Additionally, Regis has recently completed the acquisition of two facilities in Victoria, further expanding its presence in the region.
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 over 10,000 older Australians through residential aged care homes, home care service hubs, day therapy and respite centres, and retirement villages. The company is supported by a workforce of over 13,000 employees and prides itself on delivering high-quality care and services.
Average Trading Volume: 1,228,898
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.39B
For an in-depth examination of REG stock, go to TipRanks’ Overview page.