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MEDICAL IMAGING AUSTRLASIA ACQUIRES 75 PCT OF UK-BASED LODESTONE.
SYDNEY, May 1 Asia Pulse - Medial Imaging Australasia Ltd (MIA) (ASX:MIA) has completed its 75 per cent acquisition of UK based Lodestone Patient Care Ltd, the company said today.
Consideration was Stg10.3 million (US$14.9 million) cash and loan notes and 1,575,170 MIA shares for 65 per cent of the target.
The balance of the consideration for the remaining 10 per cent is deferred and based on the value of the company at the time Lodestone chief executive officer Mr P Byrne sells his interest, MIA said.
"MIA expects the acquistion to be earnings per share (after amortisation) positive in 2001/02," it said.
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Source: HighBeam Research, MEDICAL IMAGING AUSTRLASIA ACQUIRES 75 PCT OF UK-BASED LODESTONE.