(Finance) – The analysts appreciate the latest acquisition Of Garofalo Health Care (GHC), a company listed on Euronext STAR Milan and one of the main operators in the accredited private healthcare sector in Italy. Yesterday the company led by Maria Laura Garofalo signed a binding contract for the purchase of a equity investment equal to 86.95% of the share capital of Sanatorio Triestinoowner of an accredited nursing home. The operation allows GHC to strengthen its presence in Friuli-Venezia Giulia, where it is already present with the Castrense University Medical Center.
Equity “appreciate” the deal, considering: the quality of the structure acquired; potential synergies with the other structure (Castrense University) of the group in the region; the high budget with the NHS; the multiple paid (in the lower part of the historical GHC M&A range of 7x/10x); the management commitment on the M&A strategy. A “low-single digit” impact on adj EPS is estimated. 23-24.
Mediobanca talk about a news”supportive“, with GHC delivering on its industry consolidation strategy and strengthening its exposure to Friuli Venezia Giulia (one of the most favorable regions in terms of payment terms to healthcare professionals), and underlines that the deal looks consistent with GHC acquisition criteria and multiples. A potential increase in EPS in the “low-to-mid single-digit” area is estimated.
Meanwhile, take flight Garofalo Health Carewhich stands at 4 euros per share, with an increase of 4.71%.