Rick Rostolis to Step Down as Regis Healthcare CFO
Synopsis
The veteran finance executive will retire after overseeing the company's financial strategy, capital management and mergers and acquisitions activities.
Regis Healthcare's chief financial officer, Rick Rostolis, will step down from the aged care provider after a five-year tenure marked by recent acquisitions, capital management, and a financial turnaround.
The ASX-listed company confirmed Rostolis will remain in his position to facilitate the executive search for his replacement while the transition takes place. Rostolis first joined Regis Healthcare in March 2020, steering the company through market changes and reforms within Australia's aged care sector.
He said it had been a privilege working with the board, executive leadership, and employees during his time at the firm, significantly contributing to the company's financial health and growth plan.
Leadership Transition Begins
The company reported revenue growth of 14.5% to $1.161 billion and an underlying net profit after tax (NPAT) of $53.4 million, a jump of 37.3% year-on-year, in its FY2025 Annual Report.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) excluding the impact of certain items surged to $125.8 million, fuelled by increased residential care occupancy to 95.6% from 94.1% a year prior.
Regis also reported robust operating cash flow of $306.1 million and net cash generated of $192.5 million for the fiscal year 2025, enhancing its financial reserves.
The growing demand for aged care services in Australia has been a significant factor driving the industry's growth, with approximately 1.5 million people utilising government-funded aged care in 2023-24, according to the Australian Institute of Health and Welfare (AIHW).
Regis Healthcare, a major player in the Australian aged care sector, provides residential aged care, home care, retirement living and respite care, serving over 10,000 residents and clients nationally and employing more than 12,000 staff.
The search for a new chief financial officer is underway, with Rostolis set to remain at the helm of the firm's financial operations until his successor is appointed, underscoring Regis Healthcare's commitment to maintaining leadership continuity amid the sector's evolution in response to regulatory shifts, workforce pressures, and burgeoning demand.
Source: Capital Brief
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Pooja Malik is a business journalist with over six years of experience covering startups, entrepreneurship, and emerging trends. She has previously worked with leading media platforms such as YourStory Media and BW BusinessWorld, where she reported on business, policy, and market developments. Currently, she serves as Editor at The Inspirepreneur Magazine, where she writes and edits stories across business, lifestyle, and travel, with a focus on clarity, accuracy, and reader relevance.
