Sonic’s in Line Result Met with Bullish Outlook and Earnings Upgrade
Narrow-moat-rated Sonic Healthcare has announced its acquisition of Aurora Diagnostics, or Aurora, for USD 540 million, or AUD 750 million. The acquisition will be funded via a AUD 600 million fully underwritten institutional placement and a non-underwritten share purchase plan, or SPP, to Australian and New Zealand retail clients to raise up to AUD 100 million. The placement price of AUD 19.50 per share, represents an 8.8% discount to the last closing price of AUD 21.39. After incorporating the...Sonic Healthcare is involved in the provision of medical diagnostic services and the provision of administrative services and facilities to medical practitioners. Co. provides specialized pathology/clinical laboratory and diagnostic imaging services to clinicians, hospitals, community health services, and their patients. Co.'s segments are comprised of: Laboratory, which provides Pathology/clinical laboratory services in Australia, New Zealand, the U.K., the U.S., Germany, Switzerland, Belgium and Ireland; Imaging, which provides diagnostic imaging services in Australia; and Other, which Includes medical center operations and occupational health services.
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