Healius has completed the sale of Montserrat Day Hospitals

May 02, 2023

Healius Limited (ASX: HLS) disclosed the successful completion of the sale of Montserrat Day Hospitals (Montserrat) to Nexus Hospitals. Healius has received cash proceeds totalling AU$127 million, representing an enterprise value of AU$138.6 million after deferred contingent consideration and completion adjustments, which consider working capital, debt, and debt-like factors, as well as completion adjustments. The sale price is almost 18 times the adjusted EBITDA for FY22. About the gearing ratio covenant for the 30 June 2023 and 31 December 2023 testing dates, Healius has obtained the backing of its banking syndicate.

 

 

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