Australia's Estia eyes best day in almost 11 months on deal to buy aged care homes

Estia Health

25/10/2022 01:43

** Shares of Australia's Estia Health  EHE.AX  rise as much
as 6.4% to A$2.1, set to gain most since Dec 2021
    ** The aged-care operator announces execution of binding
agreements to acquire four residential aged care homes from
Premier Health Care Group for about A$62 million ($39.29
million)  urn:newsml:reuters.com:*:nASX4rHT88
    ** The Sydney-headquartered co says that it expects
acquisitions to be EPS accretive from second half of fiscal 2023
    ** Adds that it will acquire two additional development
sites owned by Premier Group for a total A$10 mln
    ** Stock has fallen 14.6% this year, as of last close
($1 = 1.5780 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))