Capitol Health limited
(ASX:CAJ) says it has bought Eastern Radiology Services and Sydney Radiology making further inroads into the NSW marketplace.
Both businesses have history of strong revenue growth and high margins which Capitol Health believes it can enhance.
Radiologists connected with the two operations have agreed to long term commitments to Capitol.
The purchases will be funded from existing debt facilities and will be immediately EPS accretive.
Capitol is also commissioning a clinical facility in Broken Hill.
Capitol Health reported a net profit of $4.6 million for the first 6 months of the 2015 financial year.
