Industry News
Healthia Acquires More Optical Retail Stores
Australian Stock Exchange listed company Healthia Limited announces the acquisition of another two optical retail stores. The company has reached settlement for Bernie Lanigan Optometrist, an optical store located in Townsville, Queensland; and it has entered into a binding agreement to acquire The Eyecare Place, an optical store located in Abbotsford, Victoria. Settlement of The Eyecare Place is conditional upon assignment of property leases to Healthia and other customary conditions precedent. It is expected that all conditions will be met, and the acquisition is expected to complete before 30 June 2021.
These acquisitions are the first optical acquisitions since the establishment of Healthia’s ‘Eyes & Ears’ business division on 30 November 2020 (in conjunction with the acquisition of The Optical Company Pty Ltd).
Bernie Lanigan Optometrist was established in 1979 and has been providing professional eyecare and eyewear to the Townsville community for over 42 years. The practice was moved to the busy City Arcade in Townsville CBD in 2016 to offer a more convenient service for patients.
Under the directorship of managing practicing optometrist Belinda Luu, The Eyecare Place was established in 2010. The practice is located in Hive Shopping Centre, a community shopping centre in Abbotsford Victoria which is anchored by major retailers.
