G8 Education Limited
(ASX:GEM) has announced the completion of a $228 million purchase of 91 childcare and education centres. The sale was announced late last month and will increase the number of centres it operates by more than 28 per cent with settlement expected by 30th September 2014.
The company announced yesterday it has a number of other opportunities which should enable G8 to acquire up to 154 childcare and education centres with a combined total of 10,457 places.
G8 Education reported a net profit of $31.07 million in the 2013 calendar year.
