Metlifecare on track for $60M full-year post-merger cashflows

Thu, 21 Feb 2013

Feb. 22 (BusinessDesk) - Retirement village operator and aged care provider Metlifecare says it's on track to meet its primary guidance of $60 million full-year operating cashflow after reporting cashflow of $29.2 million excluding interest and acquisition costs in the six months to Dec. 31. The results are heavily influenced by five months' revenue from the merger last July of Vision Senior Living and Private Life Care Holdings, and a one-off unrealised gain of $63.3 million on the acquisitions, reflecting the difference between the purchase...

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