AI assistant
HEALIUS LIMITED — Capital/Financing Update 2016
Jun 13, 2016
65058_rns_2016-06-13_faf64a4b-a665-4e3a-957d-770848e053a0.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX Announcement (ASX: PRY)
ASX Limited Market Announcements Office Exchange Centre Level 4, 20 Bridge Street Sydney NSW 2000
==> picture [137 x 40] intentionally omitted <==
ACN 064 530 516 REGISTERED OFFICE: LEVEL 6 203 PACIFIC HIGHWAY ST LEONARDS NSW 2065 TEL: +61 2 9432 9400 FAX: +61 2 9432 9447
14 June 2016
PRIMARY ANNOUNCES SALE OF TRANSPORT HEALTH
Primary Health Care Limited (“Primary”) today announced that it has entered into a binding agreement to sell its private health insurance business, Transport Health Pty Ltd (“Transport Health”), to Railway and Transport Health Fund Limited (“rt health fund”) for $27 million.
Primary’s Managing Director and CEO, Peter Gregg, said: “Following the recent divestments of our Barangaroo property and Medical Director, the sale of Transport Health is further evidence that we are delivering on our capital recycling initiatives and strengthening our balance sheet.
“I would like to thank the employees of Transport Health for their valuable contribution to the Primary Group and wish them well for an exciting future with rt health fund,” Mr Gregg concluded.
The sale, which is subject to customary conditions, is expected to complete by the end of June 2016.
ENDS
For further information contact:
Investors and analysts
Janet Payne Group Director, Corporate Affairs Ph: +61 2 9432 9512 Mobile: +61 409 995 517
Media
Tara McGillivray Manager, Corporate Affairs Ph: +61 2 9432 9525 Mobile: +61 439 269 291