HLA 0.00% $1.80 healthia limited

Sept 20 (Reuters) - Healthia Ltd (HLA) : ANNOUNCES STRATEGIC...

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    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
 
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Currently unlisted public company.

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