News: EHE Estia Health Receives Indicative Non-Binding Proposal From Bain Capital

March 24 (Reuters) - Estia Health Ltd (EHE) :

• RECEIVES INDICATIVE NON-BINDING PROPOSAL
• ESTIA HEALTH SHAREHOLDERS WOULD RECEIVE A$3.00 CASH PER SHARE
• CONFIRMS THAT AFTER MARKET ON MARCH 23 RECEIVED FROM BAIN CAPITAL A CONFIDENTIAL, NON- BINDING AND INDICATIVE PROPOSAL
• BOARD OF CO CONSIDERING INDICATIVE PROPOSAL TO ASSESS WHETHER IT IS IN BEST INTERESTS OF SHAREHOLDERS TO ENGAGE WITH BAIN CAPITAL
• PROPOSAL TO ACQUIRE ALL OF SHARES IN ESTIA HEALTH BY WAY OF A SCHEME OF ARRANGEMENT