Aged care has become a tough business competing against many not-for-profit organisations but clarity from the budget could make things interesting with the obvious tailwind of an aging population and potentially more certainty on funding models etc. The sector has been under a lot of pressure post the Royal Commission but the risk/reward looks good targeting a test of $3 while running stops under $2 i.e. 3:1.
Estia Health Limited provides aged care services. The Company operates a network of retirement homes, providing housing, nursing, food preparation, community building, and related services. Estia Health serves residents throughout Victoria, Australia.
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