Evolution values latest rehab buy at $29.5m

Evolution also sold its Sydney property. (Image: Getty)

Thu, 28 Dec 2023

Evolution Healthcare valued its latest acquisition at $29.5 million as it added North Island brain trauma and stroke rehabilitation services provider ABI Rehabilitation to its stable. The private hospital operator signed a deal to buy 100% of the shares of ABI Rehab on Sept 1, with the consideration payable based on the $29.5m enterprise value. Of the price to be paid, 60% is upfront and the rest will be deferred, according to Evolution’s latest financial statements lodged with the Companies Office. The acquisition was quie...

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