Hills expands with Hostel acquisition

Company News

Hills Limited (ASX:HIL) has bought a provider of patient entertainment and communication solutions to hospitals across Australia.  
The diversified investment company says its purchase of Hospital Telecommunications will add an extra 17 hospitals and more than 4,100 beds to its local footprint. 
The company believes the buy is in line with its strategy to be a leading provider of interactive patient care solutions to hospitals and aged care facilities in Australia. 
Hills expects the acquisition to be modestly earnings accretive in the first full financial year after the transaction is completed (FY16).  
Hills reported a net profit $26.38 million in the 2014 financial year.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.