SYDNEY: Regis Healthcare Limited (ASX: REG) has entered into a binding agreement to acquire the business and assets of BodeWell Community Care, a privately owned home care operator providing Home Care Packages (HCP), Commonwealth Home Support Programme (CHSP), and private home care.

Regis’ CEO Dr Linda Mellors said, “BodeWell is a well-regarded home care service which enhances Regis’ existing operations by providing greater scale in Melbourne and extending operations into South-East Queensland. We expect the expanded home care business will benefit from an ageing population, increased Government funding, and the shift in consumer preference to age in place.

We are excited to welcome BodeWell’s clients and staff to the Regis group and look forward to continuing to deliver high quality home care services.”

Completion of the acquisition is subject to regulatory approvals and other customary conditions.