BRISBANE: Regis Healthcare Ltd. has signed a binding agreement to acquire Rockpool RAC Holdings Pty Ltd for a net cash outlay of approximately $135 million, adding four premium aged care facilities in Queensland to its portfolio.
The acquisition includes residential aged care homes in Brisbane and the Sunshine Coast, totaling 600 beds, all opened since 2019. The newest facility in Oxley commenced operations in March and is currently ramping up. All properties were acquired on a freehold basis.
Regis will assume approximately $204 million in refundable accommodation deposit (RAD) liabilities upon completion, with anticipated future RAD inflows of around $40 million. The deal is expected to be earnings accretive in fiscal year 2026.
Once finalized—targeted by Sept. 1, 2025—the acquisition will expand Regis’ nationwide portfolio to 72 homes with roughly 8,200 beds. Rockpool brings a strong compliance record and high occupancy rates, with three out of four homes currently above 95% occupancy.
Pro forma annualized EBITDA is projected to reach $13–14 million after full ramp-up, with an estimated $7–8 million contribution in FY26. Regis also expects cost synergies through procurement and corporate efficiencies.