Brief: Estia Health Announces Acquisition Of Royal Freemasons Bendigo And Benalla Operational Aged Care Homes

Estia Health

01/08/2023 02:47

Aug 1 (Reuters) - Estia Health Ltd  EHE.AX :
    * ACQUISITION OF ROYAL FREEMASONS BENDIGO AND BENALLA
OPERATIONAL
AGED CARE HOMES
    * EXECUTION OF BINDING AGREEMENTS TO ACQUIRE ESTIA HEALTH
LTD
ROYAL FREEMASONS ("RFL") RESIDENTIAL AGED CARE HOMES
    * TOTAL NET CASH CONSIDERATION FOR TWO RESIDENTIAL AGED CARE
HOMES
IS EXPECTED TO TOTAL ABOUT A$17.3M
    * TRANSACTIONS ARE CURRENTLY EXPECTED TO SETTLE IN  EARLY
OCTOBER
2023
    * IN CONNECTION WITH ACQUISITIONS, THE GROUP WILL BE
CONSOLIDATING
PARTS OF ITS EXISTING OPERATIONS IN  BENDIGO AND BENALLA
    * EXPECTS TO RECOGNISE PROVISIONAL NON-CASH POST TAX
IMPAIRMENT
CHARGE OF ABOUT A$8.0 MILLION AS PART OF FY23 FINANCIAL REPORT
    * IMPAIRMENT AS A RESULT OF EVALUATION OF OPTIONS FOR ESTIA
HEALTH
LONG GULLY AND ESTIA HEALTH BENALLA LOCATIONS

Source text for Eikon:  ID:nASX8MCp74 
Further company coverage:  EHE.AX 

 ((Reuters.Briefs@thomsonreuters.com;))