S&P/ASX 300 Index (ASX: XKO) healthcare share Regis Healthcare Ltd (ASX: REG) is marching higher today.
Shares in the residential aged care provider closed yesterday trading for $7.95. In morning trade on Thursday, shares are changing hands for $8.01 apiece, up 0.8%.
For some context, the ASX 300 is up 0.4% at this same time.
Here's what's catching investor interest today.
ASX 300 healthcare share lifts on divestment news
The Regis Healthcare share price is pushing higher after the company announced that it has entered into agreements with not for profit aged care and health services provider Ozcare to sell two residential aged care homes.
The two assets are located at Ayr and Home Hill, both in Far North Queensland. Together, the two aged care facilities have 156 operational beds.
The ASX 300 healthcare stock expects the sale to bring in a one-off pre-tax gain on sale of approximately $25 million. The company said this gain will be recognised in its FY 2026 financial results.
Regis Healthcare expects the transaction to be complete by 1 March, subject to customary conditions.
What did management say?
Commenting on the divestment that looks to be boosting the ASX 300 healthcare share today, Regis managing director and CEO Linda Mellors said, "The divestment aligns with Regis' strategy to optimise its national portfolio and recycle capital to support investment in high-demand, premium locations where we can deliver the greatest impact."
Mellors continued:
We will work closely with Ozcare to ensure a smooth and respectful transition for residents, families, and staff, and to support continuity of care in Far North Queensland.
Ozcare CEO Kevin Mercer added:
We are delighted to welcome Ayr and Home Hill into the Ozcare family. These homes have a strong reputation for delivering quality care and supporting their local communities, which aligns perfectly with our mission to provide compassionate, person-centred services.
This acquisition strengthens our presence in North Queensland and ensures continuity of care for residents, families, and staff. We look forward to building on the excellent foundations laid by Regis and continuing to enhance the wellbeing of those we serve.
What's been happening with the ASX 300 healthcare share?
With today's intraday increase factored in, Regis Health Care shares are up 33% in 2025.
The ASX 300 healthcare share hit an all-time closing high of $9.22 on 19 September.
Shares then crashed 26.3% the following trading day, 22 September.
That sell-off followed news that the Australian government's residential aged care funding boost of 4.7% was less than Regis had expected, which comes amid increased staffing costs.
