Aged Care Taskforce Final Report sends Regis shares to seven year high

Shares in Regis Healthcare, Australia's only remaining ASX-listed aged care provider, soared 13% in the two trading days following the release of the Aged Care Taskforce's Final Report, closing at $4.32 on 13 March, the shares' highest closing price since June 2017. Regis shares went ex dividend on 14 March, and the stock has retreated 9% since the high was achieved. At the time of writing, it was trading at $3.94.   The stock was issued at $3.65 back in October 2014 - making a gain of just 6% in nearly a decade. In November last year, Regis announced its first acquisition in four years. In February this year, it announced a $16.3 million profit after tax before amortisation of beds for the six months to 31 December 2023