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Jefferies says Australia's aged-care funding rise is inadequate after Regis shares plunge

BUZZ-Jefferies says Australia's aged-care funding rise is inadequate after Regis shares plunge

** Jefferies says increase in Australian government's funding rate for residential aged care is inadequate given wage and non-labour cost inflation

** Aged care operator Regis Healthcare REG.AX on Thursday said the price increase lags inflation; shares close down 27%

** Jefferies believes government needs to reform non-clinical funding if residential aged care is to meet the worsening availability of beds

** Jefferies retains 'buy' rating and keeps A$7.40 price target

**YTD, REG shares down 38.1%


(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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