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International Business Times
International Business Times
Business

Regis Healthcare Shares Soar 16% on Australian Budget Aged Care Funding Boost

Shares in Regis Healthcare Ltd surged more than 16% on Thursday as investors cheered a major federal budget announcement that promises significant changes to aged care funding, providing fresh tailwinds for Australia's largest listed residential aged care provider.

The stock, listed on the ASX under the ticker **REG**, closed at **A$7.03**, up **99 cents** or **16.39%** by the 4:10 p.m. AEST close on April 23. Trading volume spiked well above average as the aged care sector rallied broadly on optimism over improved government support for the industry.

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