Brief: Sonic Healthcare Signs Binding Agreements To Acquire Diagnosticum Group Of Laboratories

Sonic Healthcare

03/04/2023 24:09

April 3 (Reuters) - Sonic Healthcare Ltd  SHL.AX :
    * SIGNED BINDING AGREEMENTS TO ACQUIRE DIAGNOSTICUM GROUP OF
LABORATORIES
    * PURCHASE PRICE OF EUR 190 MILLION WILL BE FUNDED IN EURO
FROM
SONIC'S EXISTING CASH AND DEBT FACILITIES
    * DIAGNOSTICUM IS EXPECTED TO GENERATE REVENUES OF EUR 65
MILLION
IN FY2024
    * TRANSACTION IS EXPECTED TO OCCUR BEFORE END OF 2023
CALENDAR
YEAR
    * TRANSACTION IS IMMEDIATELY EARNINGS PER SHARE ACCRETIVE
AND ROIC
WILL EXCEED SONIC'S COST OF CAPITAL

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