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BRIEF-Primary Health Care responds to ACCC on divestment of pathology collection centres

Published 16/06/2016, 09:57 am
© Reuters.  BRIEF-Primary Health Care responds to ACCC on divestment of pathology collection centres
HLS
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June 15 (Reuters) - Primary Health Care Ltd PRY.AX :

* Says notes accc announcement on divestment of pathology collection centres

* Primary has given an undertaking to progressively divest these assets to

medlab pathology pty ltd

* Primary is nevertheless working through a process to mitigate it

* Divestment represents approximately 3% of primary's pathology collection

centres

* Annual impact on profit is not material"

* Implementing range of initiatives aimed at reducing its cost base, improving

returns on investment

* Following healthscope decision to close its said operations co did not

consider transaction would have effect of lessening competition

* Continues to hold this view

* Source text for Eikon ID:nASX2gnKMf

*

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