Promisia finalises acquisition of Cromwell retirement homes

Promisia has completed the acquisition of Golden View Lifestyle Village and Ripponburn Home and Hospital in Cromwell.

The purchase was finalised today.

As part of the deal, Promisia issued six million unquoted convertible notes to Rivercrest Cromwell, the vendor of Golden View Lifestyle Village.

In addition, the company issued 725 million fully paid ordinary shares and 725 million quoted warrants to fully allot the capital raise.

These issuances mark the completion of the capital raise, which was announced on July 2.

Promisia said it will provide further updates to shareholders at the annual shareholders meeting on September 25.