Ebos lifts stake in Asian device distributor Transmedic

Ebos chief executive John Cullity. (Image: Ebos)

Tue, 19 Dec 2023

Ebos Group has lifted its stake in Asian medical device distributor Transmedic to 90% for S$119 million (NZ$143.8m) and has an option to buy the rest in another two years. The health products maker bought a 51% stake in Transmedic as part of its A$1.17 billion acquisition of LifeHealthcare in 2021, with the venture marking Ebos’s first foray outside Australasia. Ebos said it will fund the deal from existing debt facilities, and it will immediately add to earnings. Transmedic shareholder TS Lee will keep a 10% stake and rema...

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