Estia Health Limited (ASX:EHE) exchanged binding conditional agreements to acquire Mount Clear Aged Care from OC Health on February 20, 2023. Initial cash settlement AUD 17.866 million, expected to reduce to AUD 15 million in the short term as recent admissions settle RAD payments and will assume responsibility for working capital balances at settlement date, including employee entitlements and RAD liabilities, currently estimated to be AUD 0.2 million and AUD 11.9 million, respectively. The transaction will be funded from Estia Health's existing bank facilities. The agreements are subject to customary regulatory approvals and are expected to settle on 1 May 2023.

Estia Health Limited (ASX:EHE) completed the acquisition of Mount Clear Aged Care from OC Health on May 1, 2023.