Livingstone Health to acquire Wellington Pte. Ltd. for S$30m to expand specialist healthcare footprint
Summary:
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Livingstone Health Holdings signed a conditional sale and purchase agreement to acquire 100% of Wellington Pte. Ltd. for a total consideration of about S$30 million, to be satisfied via cash and new shares.
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Wellington operates specialist medical clinics and healthcare services in Singapore, and the deal is intended to broaden Livingstone Health’s clinical portfolio and patient base.
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Completion is subject to conditions including regulatory and shareholder approvals, with a long-stop date specified in the agreement.
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The acquisition will be funded through internal resources and/or bank borrowings and equity issuance, with no change to Livingstone Health’s core business focus.
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Post-completion, Wellington will become a wholly owned subsidiary and its financial results will be consolidated, which is expected to be earnings accretive over time.