Estia Health acquisition approved by Supreme Court

Estia Health Limited (ASX:EHE) has received approval from the Supreme Court of New South Wales for the proposed acquisition by Firebird BidCo Pty Ltd. The acquisition is set to become legally effective upon lodging of the Court orders with the Australian Securities and Investments Commission (ASIC) on Wednesday, 6 December 2023.

Executive Commentary on Acquisition Approval

The Supreme Court's approval of the acquisition marks a significant milestone for Estia Health. We are pleased with the Court's decision and look forward to the next steps in the process. This acquisition represents an important opportunity for the future growth and development of Estia Health, and we are committed to ensuring a smooth transition for all stakeholders involved.

Summary of Estia Health's Acquisition Approval

Estia Health (ASX:EHE) has successfully obtained approval from the Supreme Court of New South Wales for the proposed acquisition by Firebird BidCo Pty Ltd. The acquisition is expected to become legally effective upon lodging of the Court orders with ASIC on Wednesday, 6 December 2023. Estia Health will also request the suspension of its ordinary shares' quotation on the ASX from the close of trading on the same day. The company looks forward to the future opportunities that this acquisition will bring and remains dedicated to providing high-quality aged care services to its residents and their families.