Brief: Monash IVF To Expand Its Presence In Perth IVF Market Via Acquisition

Monash IVF

19/12/2023 01:18

Dec 19 (Reuters) - Monash IVF Group Ltd  MVF.AX :
    * MONASH IVF TO EXPAND ITS PRESENCE IN PERTH IVF MARKET
(WESTERN
AUSTRALIA) VIA ACQUISITION OF FERTILITY NORTH
    * MONASH IVF IS ACQUIRING 80% OF FERTILITY NORTH FOR INITIAL
UP-FRONT CASH CONSIDERATION ESTIMATED AT A$12.0M
    * ANNOUNCES ENTRY INTO A SHARE  SALE AGREEMENT FOR THE
ACQUISITION
OF FERTILITY NORTH HOLDINGS PTY LTD
    * COMPLETION OF DEAL IS ANTICIPATED TO OCCUR IN Q3 FY24
    * CO MAY ACQUIRE REMAINING 20% OF FERTILITY NORTH, NO
EARLIER THAN
THREE YEARS FROM COMPLETION
    * ACQUISITION IS EXPECTED TO BE FUNDED THROUGH  MONASH IVF’S
OPERATING CASH FLOWS AND / OR DEBT FACILITIES AVAILABLE

Source text for Eikon:  ID:nASX8XkNlS 
Further company coverage:  MVF.AX 

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