Brief: Garofalo Signs Three Prelim. Contracts For EUR 51.2 Mln

Garofalo Health Care

27/06/2019 07:54

June 27 (Reuters) - Garofalo Healthcare  GHC.MI :
    * SAID ON WEDNESDAY SUBSCRIBED THREE PRELIMINARY CONTRACTS
FOR THE
ACQUISITION OF THREE MEDICAL CENTERS, TWO IN VENICE AND ONE IN
UDINE
    * SAYS ENTERPRISE VALUE OF OPERATIONS AMOUNTS TO EUR 51.2
MLN,
WITH AN EQUITY VALUE OF EUR 52.4 MLN 
    * SAYS CONTRACTS INVOLVE ACQUISITION OF TOTAL STAKE IN
CENTRO
MEDICO SAN BIAGIO AND BIMAR, AND 80% STAKE IN CENTRO MEDICO
UNIVERSITÀ̀ CASTRENSE
    * SAYS ACQUISITION OF CENTRO MEDICO SAN BIAGIO AND CENTRO
MEDICO
UNIVERSITÀ̀ CASTRENSE WILL BE FINALISED VIA ITS FULLY CONTROLLED
UNIT, WHILE BIMAR WILL BE ACQUIRED DIRECTLY 
    * SAYS ALSO OPERATION WILL BE FINANCED PARTLY VIA A BANK
LOAN FOR
A VALUE OF EUR 20 MLN, PARTLY WITH OWN FUNDS
    * SAYS CONTRACTS INCLUDE EUR 5 MLN GUARANTEE TO COVER
POTENTIAL
LIABILITIES
    * SAYS CLOSING OF DEAL IS EXPECTED BY JULY 31, FOR CENTRO
MEDICO
SAN BIAGIO, AND BY NOV. 2019 FOR BIMAR AND UNIVERSITÀ̀ CASTRENSE

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA9vqPK6
    
 Further company coverage:  GHC.MI  
   


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