Ebos marches into Asia with $1.17b deal

Ebos marches into Asia with $1.17b deal
(Image: Getty)
Jenny Ruth
Ebos Group is buying medical products distributor LifeHealthcare for about A$1.17 billion and will raise up to A$742 million of fresh equity and A$540m of new term loans to pay for it.Ebos will also issue shares worth about A$23m to LifeHealthcare's management.The acquisition will include 100% of LifeHealthcare's Australian and New Zealand subsidiaries and 51% of its Asian subsidiary, Transmedic, marking Ebos' first foray beyond Australasia.The remaining 49% of Transmedic will be retained by its founders who will continue to manage...

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