(Adds context, chairman quote)
Nov 19 (Reuters) - Regis Healthcare Ltd's (REG) top shareholder and Australian investment firm Washington H. Soul Pattinson and Co (SOL) on Thursday offered to buy the struggling old-age home operator for A$556.4 million ($405.84 million).
Washington H. Soul said it and Ashburn Pty Ltd are offering A$1.85 per share, a premium of 25.4% to Regis' last closing price. Ashburn owns 27.2% of Regis.
"Given the regulatory uncertainty and funding challenges currently facing the aged care industry, WHSP believes that Regis' long-term prospects will be best served in a privately owned setting," said Rob Millner, chairman of Washington H. Soul.
Regis' stock has lost about 40% in value year-to-date as the COVID-19 pandemic has pushed costs higher and led to several infections at its old-age homes.
The company, which earlier reported a 54% drop in underlying net profit after tax for the full year, had net debt of A$236.7 million as of June 30.
Regis did not immediately respond to a request for comment. ($1 = 1.3710 Australian dollars)
- Forums
- ASX - By Stock
- News: SOL UPDATE 1-Australian aged-care firm Regis gets $406 mln offer from shareholder, investment...
SOL
washington h soul pattinson & company limited
Add to My Watchlist
0.26%
!
$42.05

(Adds context, chairman quote) Nov 19 (Reuters) - Regis...
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$42.05 |
Change
-0.110(0.26%) |
Mkt cap ! $15.46B |
Open | High | Low | Value | Volume |
$42.00 | $42.46 | $41.70 | $12.16M | 289.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1285 | $42.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.23 | 688 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1041 | 42.000 |
1 | 12 | 41.920 |
3 | 1246 | 41.800 |
1 | 13 | 41.790 |
1 | 24 | 41.680 |
Price($) | Vol. | No. |
---|---|---|
42.500 | 1154 | 4 |
42.600 | 1750 | 1 |
42.620 | 428 | 2 |
42.820 | 1000 | 1 |
42.860 | 10000 | 1 |
Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
SOL (ASX) Chart |