Abano reports $48.7m annual loss, confirms new bid

Mon, 31 Aug 2020

Abano Healthcare has posted a $48.7 million annual net loss at the same time as confirming its board is unanimously backing a new $4.45 per share scheme of arrangement from BGH Capital and the Ontario Teachers' Pension Plan. However, depending on events, that price could fall as low as $3.70. The directors are also warning that if the scheme fails, the company will probably have to raise more capital. The latest result for the year ended May 31 compared with a $7.6 million profit the previous year. Excluding the impact of the new ac...

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