Healthia announced new acquisitions

Healthia Limited (ASX:  HLA) has signed binding agreements to acquire the following businesses:

• Restore Movement, a physiotherapy business in Melbourne, Victoria (1 clinic).
• Re-Wired Hand Therapy and Nerve Recovery, a hand therapy business in Melbourne, Victoria (4 clinics).
• The Eye Place, an optical store in Singleton, NSW (1 store).

The Company believes that through these acquisitions would contribute annualised underlying revenue and EBITDA of AU$2.65 million and AU$0.46 million respectively. So far in FY2022 till date are anticipated to contribute annualised underlying revenue and EBITDA of AU$85.5 million and AU$16.3 million, respectively. Total capital assigned to these acquisitions is AU$110.8 million, with AU$19.1 million deployed excluding the Back In Motion acquisition.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Suite 1A, Level 2, 802-808 Pacific Highway, Gordon NSW 2072, Australia | 1800 005 780 | info@kapitales.com.au