Sigma Healthcare
(ASX:SIG) has snapped up Australia’s largest provider of medication management services for aged care residents for $18.5 million.
The retail pharmacy company inked a deal to buy Medication Packaging Systems (MPS), which it says is an important step in expanding into the healthcare industry.
The deal is expected to settle on 30 September 2017 and will be earnings accretive from the first full year.
The company also reported a 17.4 per cent rise in its attributable net profit after tax to $27.8 million for FY17.
It also declared a 2.5 cent interim dividend, full franked.
Shares in Sigma Healthcare
(ASX:SIG) are trading 0.87 per cent higher to $0.87.
