Aged Care Companies in ASX
In 2021 the Australian government spent $24 billion on aged care, with priority on residential aged care. However, investing in aged care is not always easy in Australia.
What are Aged Care Stock
Aged care companies are organizations that provide services and support to elderly individuals who require assistance with daily activities or have medical needs. These companies offer a range of services, including residential care facilities, home care services, retirement villages, assisted living, dementia care, and other related services.Aged care companies can be for-profit or non-profit organizations, and they can operate as public or private entities. Some aged care companies are large corporations with multiple locations, while others are smaller, local providers.The services provided by an aged care company can vary depending on the company's focus and the specific needs of the individual. For example, some companies may specialize in providing high-level medical care, while others may offer more basic support services such as assistance with activities of daily living (ADLs).
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Ramsay Health Care Limited (ASX:RHC): One of the largest private hospital operators in the world, also operates aged care facilities in Australia.
Regis Healthcare Limited (ASX:REG): Care for more than 7,200 people Australia-wide, as of Dec 2023.
Estia Health Limited (ASX:EHE): Provides residential aged care services across 68 locations in Australia.
Japara Healthcare Ltd (ASX:JHC): Offers residential aged care services across more than 50 facilities in Australia.
Integral Diagnostics Ltd (ASX:IDX): Provides diagnostic imaging services, including to aged care facilities.
Medical Developments International Limited (ASX:MVP): Develops and sells pharmaceutical products, including pain relief medication used in aged care settings.
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Ramsay Health Care Limited (ASX:RHC)
Market Cap: 11.24B
52wk Low: 46.527
52wk High: 69.313
P/E (TTM): 39.26
Ramsay Health Care is one of the largest private healthcare providers in the world, with over 460 facilities across 10 countries. The key markets in which it operates are Australia, France, the U.K., and Sweden. It is the largest private hospital group in each of these markets except for the U.K. where it ranks fifth. Ramsay Sante, which operates the European regions other than the U.K., is a 52.5%-owned subsidiary of Ramsay Health Care. The company typically earns about 60% of consolidated earnings in Australia and 30% in France. Ramsay Health Care undertakes both private and publicly funded healthcare.
Regis Healthcare Limited (ASX:REG)
Market Cap: 836.88M
52wk Low: 1.369
52wk High: 4.590
P/E (TTM): Loss
Regis Healthcare Ltd provides residential care for the elderly in Australia, including respite, dementia-specific, and palliative care. The Company’s principal activity is the provision of residential aged care services The firm's facilities are primarily located in metropolitan areas and a majority of its rooms offered are single bedrooms. The majority of Regis' revenue comes from government funding due to the highly regulated environment for aged care facilities in Australia, though the firm also receives resident fees.
Estia Health Limited (ASX:EHE)
Market Cap: 797.76M
52wk Low: 1.825
52wk High: 5.710
P/E (TTM): Loss
Estia Health Ltd operates residential aged care facilities in Australia. The company conducts its business through regional networks of facilities located in Victoria, South Australia, New South Wales, and Queensland. Estia's facilities provide clinical care services, daily living services, and accommodations to its residents. Its clinical care services include 24-hour nursing care, personal care, wound management, administering pharmaceuticals, physiotherapy and occupational therapy, and arranging visits from external medical practitioners. Funding from the Australian government contributes the majority of Estia's revenue.
Japara Healthcare Ltd (ASX:JHC)
Market Cap: 379.51M
52wk Low: 1.395
52wk High: 1.400
P/E (TTM): Loss
Japara Healthcare Ltd owns, develops, and operates residential aged care facilities in Australia. It engages in the provision of aged care and retirement living services. It offers independent living; low and high care; dementia and Alzheimer care; and respite and extra services care.
Integral Diagnostics Ltd (ASX:IDX)
Market Cap: 400.40M
52wk Low: 1.640
52wk High: 3.499
P/E (TTM): 16.18
Integral Diagnostics is Australia’s fourth-largest diagnostic imaging provider. In Australia, imaging revenues are almost entirely earned via the public health Medicare system. Integral typically earns approximately 90% of group revenue from diagnostic imaging in Australia and the remainder from diagnostic imaging in Auckland, New Zealand. In Australia, Integral services regional areas in Queensland, Victoria, New South Wales, and Western Australia.
Medical Developments International Limited (ASX:MVP)
Market Cap: 65.16M
52wk Low: 0.705
52wk High: 1.850
P/E (TTM): Loss
Medical Developments International Ltd is a specialized healthcare company. It manufactures and distributes the pharmaceutical drug and medical and veterinary equipment. The company provides a range of products in the areas of pain management, asthma, and resuscitation, plus veterinary equipment. It is organized into three business units: Pharmaceuticals, Medical Devices, and Veterinary products. Majority of its revenue comes from Pharmaceuticals Unit which engages in the sale of Penthrox within Australia, New Zealand, Europe the UK and some sales in Canada, the Middle East, Asia and South Africa.