Brief: Garofalo Health Care Signs Prelim. Contract To Buy 100% Of XRay One

Garofalo Health Care

02/07/2020 15:50

July 2 (Reuters) - Garofalo Health Care SpA  GHC.MI :
    * PRELIMINARY CONTRACT SIGNED TO BUY 100% OF XRAY ONE
    * XRAY ONE IS A DIAGNOSTIC CENTRE IN THE PROVINCE OF MANTUA,
ITALY
    * ENTERPRISE VALUE OF TRANSACTION IS EQUAL TO EURO 13.6
MILLION,
IMPLIES PRE-SYNERGIES EV/EBITDA MULTIPLE OF APPROX. 7.6X
    * CLOSING OF TRANSACTION IS EXPECTED TO BE COMPLETED BY JULY
23,
2020
    * GIACOMO BARBALACE WILL REMAIN AT HELM OF XRAY ONE AS CHIEF
EXECUTIVE OFFICER AND HEALTH DIRECTOR
    * ACQUISITION TO BE COMPLETED THROUGH VEHICLE COMPANY WHOLLY
OWNED
BY GHC
    * ACQUISITION TO BE PARTIALLY FINANCED USING AVAILABLE
RESOURCES
FOR EUR 1.5 MILLION, PAID AS DOWN PAYMENT UPON SIGNATURE OF
PRELIMINARY CONTRACT
    * FOR REMAINING PART ACUISITION WILL BE FINANCED VIA BANK
LOAN
SIGNED WITH CRÈDIT AGRICOLE ITALIA

Source text: bit.ly/3eTeZXZ
Further company coverage:  GHC.MI 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))