Regis CEO Linda Mellors in shock announcement

Regis Aged Care Chief Executive Officer and Managing Director Dr Linda Mellors has announced she will step down after more than six years at the helm of the ASX-listed aged care provider.

Regis stated Linda has resigned from the role to pursue a career opportunity outside the aged care sector.

She will remain in place during a six-month notice period while the Board undertakes a search for her successor.

Linda was appointed Regis CEO in May 2019, leading the business through one of the most demanding periods in the sector’s history – the Royal Commission into Aged Care Quality and Safety, the COVID-19 pandemic and, most recently, the implementation of the new Aged Care Act.

Chairman Graham Hodges said Linda’s tenure had been defined by transformation and growth, including sustained investment in people, systems and care delivery.

“Linda leaves the business in a strong financial and operating position, and with a capable and experienced executive team,” he said.

Linda said it had been a privilege to lead Regis through a period of significant reform and disruption.

Regis’ FY25 earnings before interest, tax, depreciation and amortisation (EBITDA) was $125.8 million, up 17% on the previous year, while revenue rose 14.5% to $1.2 billion.

“We have adapted and invested strategically to position Regis for future success,” she said.

Her departure comes at a time of heightened deal-making across aged care, with Regis among the sector’s most active acquirers in 2025 as it aims to grow to 10,000 beds by 2028.

This year’s growth has included completing the purchase of OC Health’s two aged care homes, Rockpool’s four facilities, and BodeWell Community Care – a move that doubled its home care revenue base.

At the same time, market speculation has focused on a potential supersized merger involving Bain Capital-owned Estia Health, Opal HealthCare and Regis.

An executive search process is now underway.