Capitol Health acquires radiology network in Melbourne

Company News

by Anna Napoli

Capitol Health (ASX:CAJ) is set to snap up 4 clinics in Melbourne from Uniradiology.

The company will pay $8.1 million upfront on a cash and debt free basis for the clinics.

The clinics offer radiology services and provide the opportunity to bolster revenues in smaller existing locations.

The company says the clinics are highly complementary to its existing network and extend its reach into Carlton.

Shares in Capitol Health (ASX:CAJ) are trading 0.94 per cent lower at $0.26.

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.