Oct 6 (Reuters) - Estia Health Ltd (EHE) Revised guidance range...

Oct 6 (Reuters) - Estia Health Ltd (EHE)

• Revised guidance range of 2016/17 underlying ebitda of $86 million to $90 million
• Kennedy family to subscribe for up to $15 million of shares at drp price
• Strategic review of operations commenced with an emphasis on cost reductions and improved efficiencies
• Non-Core assets to be divested
• Final payment made to kennedy family for kennedy health care transaction
• At current run rate its non- labour operating expenses in fy2017 will be approximately $11.7 million higher than originally forecast.
• Progressing appointment of additional directors and search for a permanent ceo.
• Interest expense, depreciation,total capex on developments remain in line with anticipated ranges disclosed in co's year end results presentation