Regis Healthcare to sell two care homes to Ozcare for $25m
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The news: Aged care operator Regis Healthcare has agreed to sell two of its residential aged care homes in Far North Queensland to not-for-profit provider Ozcare for $25 million.
The context: The two homes, located at Ayr and Home Hill, comprise 156 operational beds. The transaction is expected to complete by 1 March 2026.
Regis also confirmed that it has completed the acquisition of Ocean Mist in Victoria, as announced in October.
What they said: "The divestment aligns with Regis' strategy to optimise its national portfolio and recycle capital to support investment in high-demand, premium locations where we can deliver the greatest impact," said Regis' managing director and CEO Linda Mellors.
"We will work closely with Ozcare to ensure a smooth and respectful transition for residents, families, and staff, and to support continuity of care in Far North Queensland."
The source: ASX
