SCHOOLBLAZER LIMITED — M&A Activity 2018

Apr 4, 2018

5 April 2018

HGL completes acquisition of Pegasus Healthcare

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HGL Limited (HGL) (ASX:HNG) is pleased to announce that it has completed the acquisition of 70% of the Pegasus Healthcare Group (Pegasus), effective from 1 April 2018. HGL is partnering with the existing CEO Scott Nowland, who continues to own the remaining 30% interest in the business.

Pegasus Healthcare was established in 1991 and is a leading supplier of high quality, clinically proven products (pressure relieving mattresses) to hospitals, aged care facilities and the community.

Hospital-at-Home was established in 1998 and specialises in supplying assistive technology devices, medical equipment, consumables and services to patients being nursed at home.

Both Pegasus Healthcare and Hospital-at-Home are recognised as first class service providers, offering medical equipment with competitive rental programs and unsurpassed service capabilities.

This investment expands the industry representation of the HGL Group with a company portfolio supplying Building Products, Medical Equipment, Personal Care, Homewares, School and Corporate Wear and Retail Marketing products.

Peter Miller Chairman

For further information

Henrik Thorup, Chief Executive Officer Office: 02 8667 4661 Mobile: 0419 268 560

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