Ann: GENERAL: ABA: Abano Healthcare Settles Sale

• Release Date: 29/06/12 13:36
• Summary: GENERAL: ABA: Abano Healthcare Settles Sale of Rehabilitation Business
• Price Sensitive: No
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ABA
29/06/2012 11:36
GENERAL

REL: 1136 HRS Abano Healthcare Group Limited

GENERAL: ABA: Abano Healthcare Settles Sale of Rehabilitation Business

Abano Healthcare Group has today confirmed settlement of the sale of its
brain injury rehabilitation business, Abano Rehabilitation Limited, to Bupa
Care Services NZ Limited.

The sale to Bupa was announced on 31 May 2012 and settled on 29 June 2012.

Managing director of Abano, Alan Clarke, commented: "Bupa is recognised as a
world leader in the provision of specialised care services, and their
experience and expertise will be of considerable benefit for Abano
Rehabilitation, its clients and staff.

 "Abano's strategy is to invest in businesses where there is real scale, an
opportunity to add value and where the business is predominantly funded by
private payment. The proceeds from the sale of Abano Rehabilitation will be
applied to the reduction of debt, and to support our ongoing investment into
dental in New Zealand and Australia, radiology in New Zealand and audiology
in Australia and South East Asia."
End CA:00224445 For:ABA    Type:GENERAL    Time:2012-06-29 11:36:02