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Regis Healthcare's RAD Retention Revenues Expectations Delayed Amid Staggered Admissions, Says Jefferies

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Regis Healthcare (ASX:REG) is expected to lag in delivering expected refundable accommodation deposit (RAD) retention revenue due to the staggered timing of resident admissions, according to a Wednesday Jefferies note.

The sector is still awaiting aged care funding reforms to improve long-term sustainability, the note added.

Regis continues to benefit from record-high occupancy levels, supporting a positive demand outlook, Jefferies said.

Jefferies maintained a buy rating on Regis Healthcare and cut its price target to AU$8 from AU$9.

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