Australia's Regis Healthcare rises on sale of property assets

Regis Healthcare

19/06/2023 03:39

** Shares of aged care services provider Regis Healthcare
 REG.AX  rise as much as 2.3% to A$2.26, set for best session
since June 6 - if gains hold
    ** Co enters into a binding agreement with HN Asset Pty Ltd,
an entity within the property developer Hesperia Group, to sell
vacant land and the Hollywood retirement village in Nedlands,
Western Australia for A$53 mln ($36.33 mln)
    ** Says transaction is expected to close by June 30
    ** Stock up ~17.2% this year as of last close 
    



($1 = 1.4590 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))