Media Release

REGIS AGED CARE ACQUIRES AGED CARE ASSETS FROM PRESBYTERIAN CARE TASMANIA

Thursday 18 May 2017

Regis Aged Care Pty Ltd (“Regis”), a wholly-owned subsidiary of Regis Healthcare Limited, is pleased to announce that it has extended its provision of aged care to Tasmania, having today contracted to acquire aged care facilities and associated businesses from Presbyterian Care Tasmania.

Regis will assume ownership of these assets from 1 August 2017, subject to approval from the Department of Health.

The assets to be acquired comprise three aged care facilities in Hobart and Launceston, comprising 287 aged care places. A small number of retirement village units and home care packages are also included in the purchase.

Presbyterian Care Tasmania’s Chief Executive Officer, John Brooks said a key consideration in the agreement with Regis was to ensure that quality resident care would continue under new ownership.

“Our focus has always been to enhance the lifestyle of our residents. Their well-being and the quality of care and services they receive are paramount,” Mr Brooks said. “We also recognise and value the tremendous work of our staff and volunteers and the essential role they play in supporting and maintaining the well-being of our residents.

Regis has operated in Australia for over 20 years and operates 54 aged care facilities throughout the country.

“We are excited to add the Presbyterian Care Tasmania homes to our family across Australia,” Regis Managing Director and Chief Executive Officer, Ross Johnston said.

“We are proud of our achievements and the addition of these assets will complement and expand our ability to deliver high standards of care to the aged care community in Australia. This acquisition is consistent with our strategy and we look forward to extending our provision of quality aged care into Tasmania.”

Regis currently has over 6,000 operational aged care places, five retirement villages, four home care services and four day therapy centers and employs in excess of 7,000 staff nationally.

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All media enquiries contact:
John Brooks, CEO, Presbyterian Care Tasmania, (03) 6335 8600
Kirsty Nottle, General Manager- Investor Relations Regis Healthcare (03) 8573 0444