Industry News
Healthia Acquires Additional Optical Stores and Appoints New CFO
Healthia Limited has announced that it has entered into binding agreements to acquire the businesses known as:
- Melbourne Hand Rehab (8 hand therapy clinics located in Victoria)
- Kosmac & Clemens Optometrists (6 optical stores located in Victoria), and
- Vision Eye Health (2 optical stores located in Queensland)
The Acquisitions are expected to settle before 30 April 2023, subject to all conditions precedent being satisfied, and will be funded through the Company’s finance facility with ANZ, NAB and BOQ, free cash and clinic class shares.
Healthia Limited also announced the appointment of Mr Damien Peters as Healthia’s Group Chief Financial Officer (CFO), expected to commence with the Company in around late March / early April 2023. Damien has over 25 years’ experience in corporate accounting and working in multi-disciplinary and high growth merger and acquisition companies including previous experience as a CFO and Company Secretary of a number of ASX listed entities.
Healthia’s Chief Executive Officer & Managing Director Wesley Coote said: "Damien’s appointment as CFO follows a broad candidate selection process, and we are delighted to welcome him to the Healthia Executive Team. Damien brings a solid track record of financial and strategic business leadership and will add depth to the current Executive Team. Damien’s strong experience in treasury management, investor relations, governance, compliance, and stakeholder management, will allow him to contribute to, and support, the ongoing growth and success of Healthia."