Regis announces sale of two homes in Far North Queensland
| Stock | Regis Healthcare Ltd (REG.ASX) |
|---|---|
| Release Time | 4 Dec 2025, 8:28 a.m. |
| Price Sensitive | Yes |
Regis announces sale of two homes in Far North Queensland
- Regis enters agreements to sell two aged care homes in Ayr and Home Hill, Far North Queensland
- The sale will result in a one-off pre-tax gain of approximately $25 million
- Regis to work closely with new operator Ozcare to ensure a smooth transition for residents, families, and staff
Regis Healthcare Limited (ASX: REG) has announced that it has entered into agreements with Ozcare, a not-for-profit provider, for the sale of two residential aged care homes located at Ayr and Home Hill, in Far North Queensland. The two homes comprise a total of 156 operational beds, and the transaction is expected to result in a one-off pre-tax gain on sale of approximately $25 million, which will be recognised in Regis' FY26 financial results. Regis' Managing Director and CEO Dr Linda Mellors stated that the divestment aligns with Regis' strategy to optimise its national portfolio and recycle capital to support investment in high-demand, premium locations where the company can deliver the greatest impact. Regis 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. Ozcare's CEO Kevin Mercer expressed delight in welcoming the Ayr and Home Hill homes into the Ozcare family, stating that the homes have a strong reputation for delivering quality care and supporting their local communities, which aligns perfectly with Ozcare's mission. The transaction is expected to complete by 1 March 2026, subject to customary conditions.