Street Talk

Healthia raising $60m to buy Back in Motion’s 64 physiotherapy clinics

Anthony Macdonald, Yolanda Redrup and Kanika Sood

Sep 20, 2021 – 9.39am

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ASX-listed diversified healthcare group Healthia is raising $60 million to fund the acquisition of 64 physiotherapy clinics from Back in Motion.

Heathia will split the raise as a $22.3 million institutional placement and a $37.8 million 1-for-4.3 accelerated entitlement offer.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au