Traditional Therapy Clinics Limited
(ASX:TTC) has announced it has entered into a contract to acquire an additional clinic from within its franchised clinic base.
The clinic was purchased for AU$1.34 million cash.
The purchase is part of the company’s strategic objective to grow its owned clinic network and increase revenues and profit.
Traditional Therapy has acquired 13 clinics since its listing on the ASX in September 2015, with the total number of owned premises now at 24.
Traditional Therapy Clinics Limited reported a net profit of $9.47 million at 30 June 2016.
