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Regis Healthcare Limited

( ASX:REG ) - Health Care Equipment & Services

News

Regis Healthcare Ramping Up Developments

Aged care provider Regis Healthcare (REG) is gearing up to open a net 1,028 new places, expected to deliver a boost to earnings growth. The company updated the market on its development pipeline along with the first half results. The bulk of developments will be delivered from FY17 which resulted in modest guidance for FY16.

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Growth Opportunities Abound For Regis Healthcare

Regis Healthcare (REG) is a company that prides itself on providing high quality aged care. The company recently listed on ASX and has invested heavily in standardised systems to improve compliance and create scalability for its operations. Brokers believe the company stands out in a sector where there is a large variation in efficiency, hence profitability. What stands out for Macquarie, too, is the fact the company has added more places through developing its own, rather than via acquisition, over the past five to six years, in contrast to many of its peers.

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Analyst Views

REG – Macquarie rates the stock as Neutral

The Dept of Health is now projecting aged care funding outlays to be 2.1% above forecast in FY16. History suggests that when outlays exceed forecasts, the government introduces measures to recoup some of that amount, Macquarie notes. Last year’s MYEFO included announced savings to come from as yet unknown changes to aged care funding.

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