Garofalo Health Care S.p.A. (BIT:GHC) signed a binding agreement to acquire additional 51.6% of Domus Nova Spa from Stefano Grandi, Francesco Serra, Antonio Roversi and Cassa di Ravenna and other group of shareholders for an enterprise value of €41.9 million on July 23, 2021. The transaction will be funded from both cash reserves generated by core operations and the funding raised from the recent reserved share capital increase through ABB of January 2021 (for the portion not yet utilised) and in addition, eventually, to bank funding. The transaction is subject to shareholders approval of Garofalo. The closing of the transaction will take place by the end of July 2021.

Garofalo Health Care S.p.A. (BIT:GHC) completed the acquisition of additional 51.6% of Domus Nova Spa from Stefano Grandi, Francesco Serra, Antonio Roversi and Cassa di Ravenna and other group of shareholders for €33.5 million on July 28, 2021. Garofalo Health now holds 99.5% of Domus Nova.