Healthia Limited (ASX:HLA) entered into binding agreement to acquire Corio Bay Health Group on September 8, 2022. Healthia Limited also agreed to acquire Sunshine Coast Hand Therapy and Watsonia Physiotherapy total upfront consideration for 3 acquisitions amounted to AUD 8.29 million. Healthia also announced that it intends to raise up to AUD 15 million to provide additional cash reserves to fund near term acquisition opportunities. The transaction is expected to close on October 30, 2022. As of October 31, 2022, Healthia now expects that all conditions precedent will be satisfied and settlement reached for the Corio Bay Health Group on or around December 1, 2022.

Healthia Limited (ASX:HLA) completed the acquisition of Corio Bay Health Group on December 1, 2022. Initial consideration paid for the acquisition was AUD 5.4 million including AUD 4.3 million in cash consideration and AUD 1.1 million in Clinic Class Share consideration, as well as contingent consideration which may become payable subject to the achievement of pre-defined conditions.