News: HLA Healthia Announces Strategic Acquisition Of Back In Motion Physiotherapy Clinics

Sept 20 (Reuters) - Healthia Ltd (HLA) :

• ANNOUNCES STRATEGIC ACQUISITION OF BACK IN MOTION PHYSIOTHERAPY CLINICS
• ANNOUNCES A$60.0 MILLION CAPITAL RAISING
• ACQUISITION CONSIDERATION IS A$88.4 MILLION
• ACQUISITION IS EXPECTED TO BE CIRCA 12.7% EPS ACCRETIVE ON AN FY21 UNDERLYING BASIS1
• ACQUISITION OF BACK IN MOTION PHYSIOTHERAPY CLINICS FOR PURCHASE PRICE OF A$86.5 MILLION
• GOT APPROVAL FROM FINANCIERS TO INCREASE TOTAL FINANCE FACILITY TO A$100.0 MILLION FROM A$70.0 MILLION
• WILL UNDERTAKE A FULLY UNDERWRITTEN INSTITUTIONAL PLACEMENT TO RAISE ABOUT A$22.3 MILLION
• WILL UNDERTAKE A FULLY UNDERWRITTEN 1 FOR 4.30 PRO RATA ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER