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Regis Healthcare

From Wikipedia, the free encyclopedia

Regis Healthcare Ltd is an Australian aged care operator listed on the Australian Securities Exchange. Not to be confused with the Welsh company of the same name.

On 2 March 2018 the Federal Court of Australia decided that its Asset Replacement Charge was not consistent with the Aged Care Act 1997.[1] These charges were intended to “fund reinstatements of fixtures, fittings and infrastructure, rebuilding and construction of, or at, Regis’s residential care facilities.”[2]

The company lost about a sixth of its value in September 2018 when the government announced a public inquiry into misconduct in the aged care sector and the Australian Broadcasting Corporation produced a two-part documentary focusing on alleged neglect and abuse of older people.[3]

References

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  1. ^ "Regis Healthcare Ltd share price falls on court decision". The Motley Fool. 8 March 2018. Retrieved 2 November 2018.
  2. ^ "What Approved Providers can and cannot charge under the Aged Care Act – Regis Aged Care Pty Limited v Secretary, Department of Health [2018]". Holman Webb Lawyers]. 19 April 2018. Retrieved 2 November 2018.
  3. ^ "Australian care providers for aged hit by inquiry". Financial Times. 17 September 2018. Retrieved 2 November 2018.