Oct 15 (Reuters) - NIB Holdings Ltd NHF.AX :
* NIB to purchase medical insurance book of onepath life nz NHF.AX
* Deal for consideration of approximately $22.6 million
* Says transaction on completion will be immediately accretive to earnings per share
* Says transition of medical policies is expected to take approximately six months
* Says NIB will fund the transaction through its existing available capital
* Says acquisition is subject to receipt of regulatory approvals from the reserve bank of New Zealand
* This purchase will have a negligible impact on nib's FY 2016 consolidated statutory operating profit
* Deal will improve FY 2016 underlying consolidated operating profit
* Purchase will improve m&a costs as well as amortisation of acquired intangibles by a forecast $1.3 million
* Source text for Eikon ID:nASX7pYpTb