Shine Corporate Limited
(ASX:SHJ) say they will pay $13.3 million to buy a leading personal injury firm in Western Australia.
The acquisition of Bradley Bayly, which specialises in the large catastrophic injuries sector will be debt funded with a small scrip component of around $1 million.
The purchase will deliver a strategic expansion opportunity and allow Shine a stronger presences in WA.
The deal will complete later this month and is expected to add to earnings for the 2016 financial year.
Shine reported a net profit of $13.25 million for the first half of the 2015 financial year.
