News: CAJ Capitol Health announces sale of NSW assets to I-Med Radiology Network

June 14 (Reuters) - Capitol Health Ltd (CAJ) :

• Sale of NSW assets for $81.5m and guidance
• Binding all cash agreement with I-Med Radiology Network (I-Med) to sell co's NSW radiology assets for a total consideration of $81.5m
• Forecasts range of FY18 total group operating revenue to be $118m to $122m, assuming completion of sale by August 2017
• Company plans to further reduce its overheads in order of $1.5m to $2.0m per annum
• Reduction will encompass senior management & administrative personnel, & associated overhead costs in IT, Legal, & Administration
• Majority of benefits from reductions will flow through to earnings in FY18