Regis has appointed a risk management expert to its Board as providers weather the storm brought on by the Omicron wave.
The ASX-listed provider has held steady during the first half of FY22, with average occupancy of 89.3% based on 7,104 average available beds, slightly up from last year; refundable accommodation deposit (RAD) net cash inflow rebounded, from $4.7 million in H1 FY21 to $47.1m in the six month period to 31 December 2021.
Regis has also appointed Sally Freeman (pictured), a risk management and audit specialist who has worked at KPMG and Ernst & Young, as a Non-Executive Director.
According to Regis Chairman Graham Hodges, Ms Freeman brings more than 25 years of experience to the role.
“With a deep understanding of finance, audit, risk, health and regulatory environments, Sally will make a significant contribution and is warmly welcomed to the Board.
“Sally will also chair the Audit, Risk and Compliance Committee,” he said.
Regis delivered a full year EBITDA of $138 million last year, despite average occupancy of only 88.9%.