Healthia (HLA) is set to raise $60 million from investors to fund its acquisition of Australia-based physiotherapy chain, Back In Motion Health Group
The ASX-lister entered a trading halt this morning ahead of announcing the purchase and supporting an institutional capital raise
The parties entered a binding agreement, under which Healthia will buy Back In Motion and its 64 physiotherapy clinics across Australia for $88.4 million
Healthia Chief Executive Officer and Managing Director Wesley Coote says the deal will expand its reach into Western Australia and New Zealand
