Zenitas Healthcare completes acquisition of Transform Physiotherapy

Company News

by Anna Napoli

Zenitas Healthcare (ASX:ZNT) has completed its acquisition of Transform Physiotherapy.

The company announced the $5.5 million dollar purchase last month which was funded by existing debt facilities.

Transform is a provider of mobile physiotherapy services in Victoria and Tasmania.

The physio achieved 2018 earnings of $1.1 million and revenues of $11 million.

Zenitas has also entered into a binding agreement to acquire Accommodation and Care Solutions for a purchase price of $60 million.

Shares in Zenitas (ASX:ZNT) are trading flat at $1.41.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.