Join our daily newsletter At The Bell to receive exclusive market insights
- Healthia (HLA) has entered into a binding agreement to purchase Sandringham Sports Physio in Victoria
- The company will pay just over $1.5 million for the physio in a cash and share deal
- Healthia says the deal is expected to contribute around $1.7 million to its revenue
- Additionally, the company has also completed its buyout of The Physio Clinic, which includes three clinics in South Australia
- On the market, Healthia is up 1.57 per cent and is trading at $1.94 million
Healthia (HLA) has entered into a binding agreement to purchase Sandringham Sports Physio in Victoria.
The company will pay just over $1.5 million for the physio in a cash and share deal.
Sandringham is a physiotherapy clinic located in Victoria and was established over 30 years ago.
The clinic provides physiotherapy and other allied health services, such as myotherapy, podiatry, pilates and dietetics to the Sandringham and Bayside community.
Healthia says the deal is expected to contribute around $1.7 million to its revenue.
The Physio Clinic
Last December, the company entered a binding agreement to purchase The Physio Clinic for around $1.4 million.
The Physio Clinic included three physiotherapy clinics in South Australia.
Today, the company has completed that purchase. The deal is expected to bring the company $2.5 million in revenue.
On the market, Healthia is up 1.57 per cent and is trading at $1.94 million at 1:24 pm AEDT.
