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Sonic Healthcare Announces to Acquire Canberra Imaging Group

17 Jun 2021  |  10:02:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Sonic Healthcare to acquire Canberra Medical Imaging

Sonic Healthcare announced that it has signed a binding agreement to acquire 100% of Canberra Imaging Group (CIG). The acquisition of CIG is a positive step in the development of Company's Imaging division in Australia, broadening its footprint, deepening its talent pool, increasing the revenue of the division by 10%, and offering potential opportunity for synergy benefits. Settlement of the transaction is expected in the first quarter of FY 2022 and is subject to customary conditions. The acquisition will be funded from cash and/or available debt lines and will be immediately EPS accretive.

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