Abano agrees to sell orthotics business, taking 'small loss' against 2015 results

Mon, 24 Nov 2014

Nov. 25 (BusinessDesk) - Abano Healthcare Group. the medical investor, agreed to sell its orthotics business, The Orthotic Centre, to private investors, and will take a small loss on the sale against its 2015 results. The Orthotic Centre was sold at book value, in line with a recent Grant Samuel valuation "and, after normal settlement adjustments and sale costs, will result in a small loss which will be reported in Abano’s FY15 full year results, the Auckland-based company said in a statement. The proceeds will be used to reduce debt and the...

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