Brief: Andlauer Healthcare Group Announces Agreements To Acquire 100% Of Skelton Canada And 49% Of Skelton USA

Andlauer Healthcare

23/02/2021 13:31

Feb 23 (Reuters) - Andlauer Healthcare Group Inc  AND.TO :
    * ANDLAUER HEALTHCARE GROUP ANNOUNCES AGREEMENTS TO ACQUIRE
100%
OF SKELTON CANADA AND 49% OF SKELTON USA
    * ANDLAUER HEALTHCARE GROUP INC - DEAL FOR TOTAL AGGREGATE
CONSIDERATION OF APPROXIMATELY C$114.7 MILLION
    * ANDLAUER HEALTHCARE GROUP INC - AGREEMENT ALSO INCLUDES
OPTION
FOR AHG TO ACQUIRE REMAINING 51% OF SKELTON USA
    * ANDLAUER HEALTHCARE GROUP INC - AHG EXPECTS ACQUISITIONS
TO BE
IMMEDIATELY ACCRETIVE TO CASH FLOW, EPS
    * ANDLAUER HEALTHCARE GROUP INC - WILL FINANCE DEALS THROUGH
CASH
ON HAND, CREDIT FACILITIES, ISSUING SUBORDINATE VOTING SHARES
    * ANDLAUER HEALTHCARE GROUP INC - ENTERED INTO AGREEMENT
WITH ITS
LENDERS TO INCREASE SIZE OF CREDIT FACILITIES
    * ANDLAUER HEALTHCARE - AMENDED FACILITIES WILL NOW CONSIST
OF
REVOLVING FACILITY OF UP TO C$100 MILLION, TERM FACILITY OF UP
TO C$50 MILLION

Source text for Eikon:  ID:nCNWCj4CWa 
Further company coverage:  AND.TO 

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