Ann: ASSET: ABA: Abano Settles Sale of Orthotics Business

• Release Date: 30/01/15 15:30
• Summary: ASSET: ABA: Abano Settles Sale of Orthotics Business
• Price Sensitive: No
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					ABA
30/01/2015 15:30
ASSET
NOT PRICE SENSITIVE
REL: 1530 HRS Abano Healthcare Group Limited

ASSET: ABA: Abano Settles Sale of Orthotics Business

Abano Healthcare Group (NZX: ABA) has today confirmed settlement of the sale
of its orthotics business, the Orthotic Centre, to private investors, as
announced on 25 November 2014.

This was the last remaining business in Abano's Rehabilitation sector and the
Company will now have three operating sectors - Dental, Audiology and
Diagnostics.

Proceeds from the sale will be used to reduce debt and then reinvested into
Abano's growth businesses, in particular, dental.

ENDS
End CA:00260186 For:ABA    Type:ASSET      Time:2015-01-30 15:30:28