Brief: Promisia Integrative To Acquire Aged Care Facilities

Promisia Healthcare

18/12/2019 21:06

Dec 19 (Reuters) - Promisia Integrative Ltd  PIL.NZ :
    * PROMISIA ENTERS CONDITIONAL AGREEMENT TO ACQUIRE AGED CARE
FACILITIES FOR $31.3M
    * PROMISIA TO ACQUIRE RANFURLY MANOR AND NELSON RESIDENTIAL
CARE
CENTRE
    * ACQUISITIONS WILL TRANSFORM PROMISIA INTO A RETIREMENT
VILLAGE
AND AGED CARE SECTOR OPERATOR
    * INDICATIVE TERMS AGREED FOR DEBT FINANCE OF $17.3M
    * PROMISIA TO ACQUIRE EILEEN MARY RESIDENTIAL CARE CENTRE IN
DANNEVIRKE
    * NEW EQUITY ISSUANCES PROPOSED OF $8M TO VENDOR & $6-$8M TO
VARIOUS PRIVATE PLACEMENT PARTICIPANTS, ALL AT 0.1C PER SHARE
    * ALL FIGURES IN NZ$

Source text for Eikon:  ID:nNZW9YyfK8 
Further company coverage:  PIL.NZ 

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