Aug 1 (Reuters) - Estia Health Ltd (EHE) : ACQUISITION OF ROYAL...

Aug 1 (Reuters) - Estia Health Ltd (EHE) :

• ACQUISITION OF ROYAL FREEMASONS BENDIGO AND BENALLA OPERATIONAL AGED CARE HOMES
• EXECUTION OF BINDING AGREEMENTS TO ACQUIRE ESTIA HEALTH LTD ROYAL FREEMASONS ("RFL") RESIDENTIAL AGED CARE HOMES
• TOTAL NET CASH CONSIDERATION FOR TWO RESIDENTIAL AGED CARE HOMES IS EXPECTED TO TOTAL ABOUT A$17.3M
• TRANSACTIONS ARE CURRENTLY EXPECTED TO SETTLE IN EARLY OCTOBER 2023
• IN CONNECTION WITH ACQUISITIONS, THE GROUP WILL BE CONSOLIDATING PARTS OF ITS EXISTING OPERATIONS IN BENDIGO AND BENALLA
• EXPECTS TO RECOGNISE PROVISIONAL NON-CASH POST TAX IMPAIRMENT CHARGE OF ABOUT A$8.0 MILLION AS PART OF FY23 FINANCIAL REPORT
• IMPAIRMENT AS A RESULT OF EVALUATION OF OPTIONS FOR ESTIA HEALTH LONG GULLY AND ESTIA HEALTH BENALLA LOCATIONS