Healthia (ASX:HLA) completes placement and institutional entitlement offer

• Healthia (HLA) raises $44.5 million through a placement and the institutional component of its fully underwritten entitlement offer
• The company recently flagged a $60 million capital raise to partially fund the acquisition of the Back in Motion Health Group and its 64 physiotherapy clinics
• This purchase is set to position HLA as a leading provider of physiotherapy services in Australia, and expand its presence in Western Australia and New Zealand
• Healthia will raise the remaining $15.5 million through the retail component of its entitlement offer which will be open from September 27 until October 6

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