Green Cross Health selling community health division

Thu, 23 Feb 2023

Green Cross Health has confirmed it will sell its community health division to the Australian private equity firm, Anchorage Capital Partners, for an enterprise value of $50 million.In Green Cross Health’s last financial year, the division contributed $192m to group revenue and $5.6m to group operating profit before interest and tax, it said.It expects to receive net cash sale proceeds of approximately $30m, including a $2m account of pre-completion dividends from the community health division to be paid shortly after completion.According...

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