Cabrini Health Limited acquired Axishealth Pty. Ltd. from Paragon Care Limited (ASX:PGC) for AUD 4.5 million on June 28, 2019. Cabrini Health Limited paid AUD 1.8 million upon settlement and remaining over the next twelve months. Cabrini Health Limited will take responsibility for all staff (approximately 50) and all properties used by Axishealth Pty. Ltd. Axishealth Pty. Ltd has reported sales of approximately AUD 20 million, pre-tax losses of AUD 4 million to AUD 5 million during the financial year 2018-19. Transaction was expected to close on June 30, 2019. Baker & McKenzie acted as a legal advisor to Cabrini Health Limited.

Cabrini Health Limited completed the acquisition of Axishealth Pty. Ltd. from Paragon Care Limited (ASX:PGC) on June 28, 2019.