Primary Health Care Limited (ASX:PRY) entered into an agreement to acquire Transport Health Pty Ltd from Transport Friendly Society Ltd. for AUD 18 million on September 18, 2014. Transport Health was offered for sale by Transport Friendly Society. In a related transaction, Primary Health Care Limited (ASX:PRY) agreed to acquire Dental on Swan on September 18, 2014.

The transaction will be funded through existing cash and debt facilities. In 2013, Transport Health reported revenues of AUD 15.78 million and net income of AUD 1.43 million. The transaction is expected to complete by the end of November 2014.