Monday 13th September 2021 |
Text too small? |
Third Age Health Services Limited is pleased to announce it has signed a Sale and Purchase Agreement to acquire 100% of the shares in Belmont Medical Centre Limited for a cash purchase price of $0.18m. The acquisition is expected to be settled on 1 October 2021.
Belmont Medical was established in May 1994 and serves the Devonport Peninsula on Auckland’s North Shore, providing comprehensive medical care to members of that community.
A comprehensive holistic and Cornerstone Accredited practice, it is staffed by two experienced general practitioners, supported by nursing and administrative staff.
Adding Belmont Medical to the TAH group will also provide additional medical resource to service Third Age Health’s aged residential care practice in the North Shore area.
Based on the financial results of the group for the year ended 31 March 2021, the acquisition, on an annual basis is expected to contribute at least 10% to annual revenues and be accretive to annual earnings per share by between 3-5%.
CEO, Michael Haskell says “We look forward to welcoming the Belmont Medical team to our broader group. Belmont Medical has a history of delivering patient centred primary care and an organisational culture that complements the values we hold at Third Age Health. The Belmont Medical acquisition makes our core service stronger".
Please see the link below for details
Third Age Health announces acquisition of Belmont Medical
Source: Third Age Health Services Limited
No comments yet
KMD - 1H FY2024 Interim Results
SCT - Resignation of Chief Executive Officer
March 19th Morning Report
SKC - APPOINTMENT OF CHIEF INFORMATION OFFICER
NWF - Chief Executive Officer Warren Koia Resignation
March 18th Morning Report
Pacific Edge Directors Give Notice of Retirement
Meridian Energy monthly operating report for February 2024
Another unworkable farming rule bites the dust
March 14th Morning Report