Australia’s Regis Healthcare slumps as aged-care funding raise falls short of cost pressures
The provider said the 2.55% funding lift trails wage and inflation pressures, and it plans room-price increases and service changes to defend margins.
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Regis Healthcare says Australia’s aged-care funding rise lags inflation, shares slump - Regional Media News
By Jasmeen Ara Islam Shaikh Sept 3 (Reuters) - Australia's Regis Healthcare said on Thursday that an increase in the government's funding rate for residential aged care would not keep pace with inflation across the sector and economy, sending its shares to a more than [...]
Australia’s Regis Healthcare slumps as aged-care funding raise falls short of cost pressures
Sept 3 (Reuters) - Shares of Australia's Regis Healthcare plunged nearly 35% on Thursday after the company said an increase in the government's funding rate for residential aged care fell well short of inflation across the sector and economy. Here ar...
Regis Healthcare (ASX:REG) Warns Funding Will Lag Costs, Is The Selloff A Bargain?
Regis Healthcare (ASX:REG) is back in focus after stating that the Australian Government's 2.55% increase in aged care funding will not keep pace with sector cost inflation, coinciding with a 25% decline in its share price. At the current share price of A$4.30, Regis Healthcare has seen sharp selling pressure, with the share price down around 31% over the past month and the 1 year total shareholder return declining about 43%. However, the 3 and …
Regis Healthcare Shares Sink 29% As Aged Care Sector Faces Fresh Government Funding Uncertainty
Regis Healthcare shares fell 29% despite reporting record financial results, highlighting ongoing concerns over aged care funding uncertainty affecting Australia's largest aged care operators.
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