Australia's Regis Healthcare rises on positive quarterly update

Regis Healthcare

24/10/2023 02:32

** Shares of Regis Healthcare Ltd  REG.AX  rise as much as
5.8% to A$2.560, set to climb most since Sept 15 - if gains hold
    ** Residential aged care provider says it reported average
occupancy of 93.5% in Q1 FY24, up from 92.5% in Q4 FY23
    ** Says its aged care government revenue per occupied bed
day was A$279.60 in Q1 FY24, up from A$227.70 in Q2 FY23, when
co had introduced a new funding model
    ** Adds key performance metrics trending favourably
    ** Shares hit highest level since Oct 18 
    ** Stock up 28.4% YTD, as of last close

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.GovindRao@thomsonreuters.com;))