- Eureka Group Holding (EGH) has entered into interdependent agreements to acquire two seniors villages in Queensland
- The independent living villages are located in Cairns and Hervey Bay and together comprise 123 units
- The total consideration for the acquisition is $13 million, which Eureka will fund from cash reserves and debt
- The transaction is, however, still conditional upon regulatory approval
- Based on today’s acquisition announcement, the group now manages close to 2300 units in villages across the country
- Following yesterday’s announcement, Eureka shares are down 1.28 per cent, trading for 38.5 cents
