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BRIEF-Sonic Healthcare Announces Acquisition Of Aurora Diagnostics (USA)

Published 12/12/2018, 09:21 am
Updated 12/12/2018, 09:30 am
© Reuters.  BRIEF-Sonic Healthcare Announces Acquisition Of Aurora Diagnostics (USA)
SHL
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Dec 12 (Reuters) - Sonic Healthcare Ltd SHL.AX :

* ANNOUNCES SHL TO ACQUIRE AURORA DIAGNOSTICS (USA) AND CAPITAL RAISING

* ENTERED BINDING AGREEMENT TO ACQUIRE 100% OF AURORA DIAGNOSTICS, LLC ("AURORA") FOR US$540M

* DEAL EXPECTS TO BE ABOUT 3% EPS ACCRETIVE POST PLACEMENT ON A PRO-FORMA FY2019 BASIS, BEFORE ANY EXPECTED REVENUE AND COST SYNERGIES

* ANNOUNCES UNDERWRITTEN INSTITUTIONAL PLACEMENT TO RAISE A$600 MILLION & NON-UNDERWRITTEN SHARE PURCHASE PLAN TO RAISE UP TO A$100MLN

* MAINTAINS FY2019 GUIDANCE CONFIRMED AT AGM HELD ON 21 NOV AND NOTES THAT ITS U.S. BUSINESS IS TRACKING AHEAD OF EXPECTATIONS 2018YTD

* TRANSACTION IS EXPECTED TO COMPLETE IN EARLY CY2019

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