Regis expands Melbourne home care footprint with Royal Freemasons acquisition
Regis Healthcare (ASX: REG) has entered into a binding agreement to acquire the business and assets of Royal Freemasons Homes of Victoria’s Home Care business, adding approximately 480 clients to its operations.
The acquisition is expected to increase Regis’ home care revenue by more than $10 million, taking annualised home care revenue to approximately $50 million. The transaction will be funded from existing cash, with completion expected in 2Q FY27, subject to regulatory approvals and customary conditions.
The purchase price has not been disclosed by Regis. The deal represents a bolt-on expansion that adds scale in a growing segment without recourse to external funding.
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What the deal delivers
Regis is acquiring the business and assets of Royal Freemasons, a not-for-profit provider of Support at Home (SaH) and Commonwealth Home Support Programme (CHSP) services. Both programmes form part of the Australian home care system that supports older people living independently in their own homes.
The transaction strengthens Regis’ existing operations and expands its scale in the Melbourne market, integrating Royal Freemasons’ clients and staff into the company’s established home care business rather than opening a new market.
| Deal Metric | Detail | Investor Impact |
|---|---|---|
| Clients acquired | ~480 | Expanded Melbourne client base |
| Added home care revenue | >$10 million | Earnings uplift |
| Annualised home care revenue (post-deal) | ~$50 million | Larger recurring revenue base |
| Funding source | Existing cash | No dilution / no new debt |
| Completion | Expected 2Q FY27 | Near-term integration |
CEO Commentary
“Royal Freemasons is a well-regarded home care provider that strengthens Regis’ existing operations and expands our scale in Melbourne. We believe the enlarged home care business is well positioned to benefit from key industry tailwinds including an ageing population, increased Government funding, and a growing consumer preference to age in place. We are delighted to welcome Royal Freemason’s clients and staff to the Regis family and look forward to continuing to deliver high-quality home care services and support,” said Andrew Kinkade, Chief Executive Officer.
Why home care matters for Regis investors
Home care refers to support services delivered to older people in their own homes, covering assistance with daily living, nursing, and community support. Programmes such as Support at Home (SaH) and the Commonwealth Home Support Programme (CHSP) sit within this model. It differs from residential aged care, where people live within a dedicated facility, and reflects the growing preference for older Australians to remain in their homes as they age.
Regis cites several industry tailwinds supporting the enlarged home care business:
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An ageing population
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Increased Government funding
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A growing consumer preference to age in place
These structural drivers support recurring revenue growth, and bolt-on acquisitions allow Regis to scale into that demand efficiently. Regis is one of the largest aged care operators in Australia, providing services to more than 10,000 older Australians through residential aged care homes, home care service hubs, day therapy and respite centres, and retirement villages. The company employs a workforce of over 13,000 nurses, carers, and support professionals.
What happens next
The remaining steps to completion are:
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Completion subject to regulatory approvals and other customary conditions
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Completion expected in 2Q FY27
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Integration of Royal Freemasons’ clients and staff into Regis’ existing operations
The acquisition will be funded entirely from existing cash, preserving balance sheet flexibility. The deal marks a further step in scaling Regis’ home care division amid favourable industry conditions.
Regis delivered top-end EBITDA guidance for FY26 alongside 95.9% occupancy and $223 million in net RAD inflows year-to-date, providing the financial foundation from which bolt-on acquisitions like this one can be funded from existing cash.
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