Healius Enters into A Deal with BGH to Sell Its Primary Care Business for $500 million

1 min read | June 15, 2020 02:28 PM AEST | By Team Kalkine Media

Google News:

Recent News

ASX Technology Leaders on ASX 200 Revenue and Scale

Can Hidden ASX Names Become Tomorrow’s Market Leaders?

How Are ASX 300 Gold Miners Responding to Record Gold?

ASX Gold Mining Outlook on ASX 100 Costs and Cash Flow

Make Kalkine Media
My Trusted Source

Healius Limited (ASX:HLS) has agreed to sell its Primary Care business to funds managed by BGH Capital for $500 million. The highlights include:

Healius plans to use $470 million in cash it gets after the deal costs for the growth of dental clinics and pathology centres and strengthen the balance sheet
However, proceeds may be deferred by $75 million if earnings do not return to pre-coronavirus levels
HLS has also agreed to refinance its syndicated debt facility increasing it to $570 million and extend its maturity to January 2024.

The firm has stated that its medical centers have witnessed strong revenues during COVID-19 period boosted by telehealth services while Dental and IVF are shifting back to pre-COVID levels after lifting of clinical restrictions.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.