2201 GMT - Regis Healthcare retains firepower for more deals after acquiring two premium aged-care homes in Victoria state for some A$45 million, Jefferies says. The transaction lifts Regis's portfolio to 8,400 beds. "Regis's strong balance sheet leaves them primed for further expansion when new opportunities present," says analyst Vanessa Thomson. Regis had a net cash balance of A$192 million at end-June, and it will retain a net cash position when the deal in Victoria completes. Also, Regis had A$367 million of undrawn debt at end-June. "Assuming a gearing target of 2.5x, Regis could comfortably draw A$334 million of debt and so retain circa A$33 million in undrawn debt facilities," Jefferies says. Its price target rises 4.2% to A$8.75/share. Regis ended Thursday at A$6.58. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
October 23, 2025 18:01 ET (22:01 GMT)
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