Zenitas Healthcare
(ASX:ZNT) has today announced it has entered into binding agreements to acquire three separate businesses.
The largest proposed acquisition is Accommodation and Care Solutions with a purchase price of $60 million.
The Melbourne based disability services business posted pro forma revenue of $31.1 million and earnings of $5.6 million for the 2018 financial year.
Zenitas is currently in the midst of a takeover scheme, whereby a consortium has offered to buy all Zenitas shares for $1.46 cash per share.
The independent directors have recommended shareholders vote in favour of the scheme at a meeting to be held on the 14th of November.
Shares in Zenitas
(ASX:ZNT) are trading 0.36 per cent lower at $1.41.
