Regis Healthcare Limited
(ASX:REG) has contracted to purchase assets from Masonic Care Queensland, effective 1 June 2016 for a net acquisition price of $163 million.
The Masonic portfolio to be acquired is comprised of 711 operational places at aged care facilities across 4 locations.
The acquisition will be funded from cash reserves and existing debt facilities.
Regis Healthcare said the transaction is expected to have a positive impact on FY17 results, in the range of $10-$12 million EBITDA and $1-$2 million NPAT.
Regis Healthcare recorded a net profit of $28.279 million at 31 December 2015.
