Deals, Data and Diagnoses: Healthcare Stocks Stay Active Despite a Softer Week

Deals, data and diagnoses: healthcare stocks stay active despite a softer week

Apiam Animal Health agrees to $160m takeover by Adamantem Capital Lumos Diagnostics and Vitasora expand US healthcare reach with new trials and rollouts Regis Healthcare adds two Victorian aged care homes in $45m deal   The ASX healthcare sector broke its October winning streak with the S&P/ASX Health Care Index (XHJ) falling 1.74% for the past week, while the broader S&P/ASX 200 (XJO), also dipped – by 0.48% at the time of writing. Dips aside, …

Regis Aged Care buys OC Health's two Victorian aged care homes for $350,000 per bed

The ASX-listed operator has entered into binding agreements to acquire family-owned OC Health's two remaining aged care homes for $45 million plus a $36 million liability for RADs. The purchase of Ocean Mist, in Torquay, a seaside town southwest of Melbourne, and Drysdale Grove, a rural township near Geelong, totalling 230 beds, puts the price at just over $350,000 per bed, well below the current cost to build of around $500,000 per bed.  Regis …

Regis Healthcare snaps up two Victorian aged care homes in $45m deal

Today, Regis Healthcare Ltd (ASX: REG) announced the $45 million acquisition of two high-quality Victorian aged care homes, boosting its footprint to 74 homes with approximately 8,400 beds. What did Regis Healthcare report? Acquisition of Ocean Mist Aged Care (120 beds) in Torquay and Drysdale Grove Aged Care (110 beds) in Drysdale Total purchase price: $45 million, funded from existing net cash Transaction expected to complete on 1 December 20…

Regis Healthcare to Acquire Two Aged Care Homes in Victoria

Regis Healthcare Limited (ASX: REG), one of the largest aged care operators in Australia, announced today it has entered into binding agreements to acquire two high-quality residential aged care homes: Ocean Mist Aged Care and Drysdale Grove Aged Care. Founded over 30 years ago, Regis currently provides services to more than 10,000 older Australians through residential aged care homes, home care service hubs, day therapy and respite centres, and…