Healius Ltd

HLS: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$9.10	Ngzt	Jmcssmkx

Healius: Proceeds from Lumus Sale Don’t Make Up for Lost Earnings

Shane Ponraj

Sep 23, 2024

Healius has agreed to sell its imaging business, Lumus Imaging, to Affinity Equity Partners for AUD 965 million. The deal is subject to customary conditions, including approval by the Foreign Investment Review Board. Cash proceeds are estimated to be around AUD 835 million after repayment of equipment leases and other working capital and capital expenditure adjustments. This is a huge transaction for Healius, with imaging accounting for almost half of the fiscal 2024 group operating earnings. It leaves the company a pure-play pathology provider.

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