Oceania Healthcare Ltd. ( (AU:OCA) ) has provided an update.
Oceania Healthcare Ltd. has successfully refinanced its debt facilities, adding a new syndicate member and achieving optimal pricing without requiring additional capital. The company reports improved sales momentum, with significant progress in new sales and resales volumes, and aims to reduce debt by increasing sales cadence. Oceania is transitioning its portfolio towards a greater retirement village mix and has completed a cost right-sizing program, expecting annual savings of $10-15 million. Additionally, the company will close the Wesley Institute of Nursing Education due to changes in certification pathways for overseas nurses.
More about Oceania Healthcare Ltd.
Oceania Healthcare Ltd. operates in the healthcare industry, focusing on providing retirement village and aged care services. The company is based in New Zealand and offers a mix of care facilities and independent living units, with a strategic emphasis on premium offerings and amenities.
YTD Price Performance: -9.09%
Average Trading Volume: 1,852
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$437.2M
For detailed information about OCA stock, go to TipRanks’ Stock Analysis page.