Macquarie positive on Regis Healthcare's outlook, keeps outperform

Regis Healthcare

21/06/2023 02:59

** Analysts at Macquarie see the outlook for Australia's
Regis Healthcare  REG.AX  as positive, retain 'outperform'
rating
    ** The aged care services provider on Monday entered a deal
to sell vacant land and the Hollywood retirement village in
Western Australia for A$53 million($35.97 million)
    ** Brokerage says sale consistent with company's strategy to
realise value from non-income producing assets
    ** The outlook for residential aged care is positive,
underpinned by favourable industry fundamentals and improved
government funding - Macquarie
    ** Stock currently down 0.2%; trading 16.2% up this year as
of last close
    

($1 = 1.4734 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))