Healthia Acquires three healthcare businesses
- Healthia (HLA) has announced the acquisition of three separate businesses which are expected to contribute to annualised underlying revenue
- The acquisitions are expected to contribute $9.52 million to annualised underlying revenue and $1.9 million to underlying earnings before interest, taxes, depreciation and amortization (EBIDTA)
- The company will pay an upfront cash consideration of $7.67 million for the acquisitions, alongside an issue of $930,000 clinic class shares
- The company also announces that settlement for the acquisition of PhysioWorks, a group of five physiotherapy businesses located in Southeast Queensland has been reached
- Shares in Healtha were down 0.45 per cent to $2.20
