Regis Healthcare shares fell sharply after Australia increased the Australian National Aged Care Classification starting price by 2.55%, which the company and UBS said was insufficient to cover inflation, health-sector wages and other residential aged-care costs. The Department of Health, Disability and Ageing will lift the starting price from A$295.64 ($211.83) to A$303.19 from October 1, raising estimated average funding from A$317 to about A$325 per resident per day. Reports cited different share-price moves, with the stock falling as much as 34.6% intraday and later reported down 27% at A$4.31. UBS cut its target price from A$6.75 to A$5.95, retained a neutral rating and warned that Regis and other providers could delay greenfield projects because of reduced certainty around returns. Regis said it would increase room prices and other service charges to mitigate margin pressure.