Regis divests two aged care homes for $25M gain
Regis expects the transaction to deliver a one-off pre-tax gain of approximately $25 million, which will be recognised in its FY26 financial results.
Regis Healthcare has confirmed the next step in its portfolio reshaping strategy, agreeing to sell two of its Far North Queensland homes.
The Ayr and Home Hill residential aged care homes, which together comprise 156 operational beds, are expected to transfer to Not For Profit provider Ozcare by 1 March 2026, subject to standard completion conditions.
Regis expects the transaction to deliver a one-off pre-tax gain of approximately $25 million, which will be recognised in its FY26 financial results.
The operator had previously acquired the two homes from the community-based Lower Burdekin Home for the Aged Society in 2019, with the net assets acquired for $4.6 million.
Regis Managing Director and CEO Dr Linda Mellors said the divestment reflects the provider’s shift toward in-demand metropolitan markets and newer facilities.
“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,” she said.
Ozcare expands North QLD presence
Ozcare CEO Kevin Mercer said the acquisition will strengthen its established footprint in North Queensland.
“These homes have a strong reputation for delivering quality care and supporting their local communities, which aligns perfectly with our mission to provide compassionate, person-centred services,” he said.
The organisation operates 19 aged care services across Queensland, with a strong focus on regional centres.
In December 2024, the organisation purchased St Vincent’s Care Services’ 140-bed aged care home in Douglas, Townsville, about 1,300km north west of Brisbane.
The divestment comes as Regis continues to balance capital recycling with aggressive expansion. The ASX-listed provider has added 13 homes and more than 1,700 beds through acquisition in the past two years, including two Victorian homes acquired from OC Health which settled on 1 December.
The group now operates 74 aged care homes with around 8,400 beds nationally, with a target of approximately 10,000 beds by FY28.
