Regis Healthcare Faces Headwind as HELF Adoption Falls Short of Expectations, Says Jarden
MT Newswires Live
Jun 19
Regis Healthcare (ASX:REG) faced the impact of the adoption of the Higher Every Day Living Fee Package (HELF) not being as robust as first anticipated, according to a Thursday Jarden note.
Jarden said the introduction of a decision for incoming residents on whether to take up the package has seen some opting down and opting out, which is likely to be a headwind for fiscal year 2027 and fiscal year 2028, prompting the downgrade until the HELF impact is fully understood.
Jarden downgraded Regis Healthcare to neutral from overweight and cut its price target to AU$7.50 from AU$8.20.
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