Business
Why the Healius (ASX:HLS) share price edged higher today
The Healius Ltd (ASX: HLS) share price edged higher today. This comes after the company announced the successful completion of its medical centres business. At the time of writing, the Healius share price is up 0.5% to $3.55.
Completion of sale
According to the release, BGH Capital has acquired Healius’ medical centres business, Healius Primary Care. The deal includes 69 medical centres, 13 medical practices and 62 dental clinics.
Healius received cash proceeds of $483 million. This represents $500 million as enterprise value when adjusted for future earn-outs, movements in working capital, separation and completion costs. Furthermore, a deferred consideration of $75 million for the dental business was received due to its strong…
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