Regis Healthcare
About the author:
- Author name:
- By Scott Power
- Job title:
- Senior Analyst
- Date posted:
- 18 November 2014, 12:34 PM
- Sectors Covered:
- Healthcare, Life Sciences
Regis Healthcare (REG) is a leading operator of residential aged care in Australia. The aged care sector is expected to need an additional 70,000 places by 2022, up from the current level of 190,000 places. This represents growth of over 4.1% per annum.
The sector is highly fragmented with 63% of operators owning one facility, providing REG with opportunities to expand its current portfolio of 4,719 places by acquisition or through development. REG has a track record of high levels of care while achieving industry leading occupancy and operating metrics.
We initiate our coverage with an Add recommendation and a share price target of A$4.60.
More information
Morgans clients can access our detailed report on Regis Healthcare (REG). If you are interested in becoming a client, please contact your nearest Morgans office.
Disclaimer(s): Analyst owns shares.
Morgans Corporate Ltd was a joint lead manager to the IPO in October and received fees in this regard.
The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents ("Morgans") do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.
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