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8 months ago
BRIEF-Traditional Therapy Clinics acquires additional clinic
December 8, 2016 / 10:25 PM / 8 months ago

BRIEF-Traditional Therapy Clinics acquires additional clinic

Dec 9 (Reuters) - Traditional Therapy Clinics Ltd :

* TTC acquires an additional clinic

* Entered into a contract to acquire an additional clinic from its franchised clinic base

* Total purchase price represents an average ebitda multiple of 3.2 based on clinic's earnings in 2016 financial year

* Purchase price for new clinic will be paid in cash by ttc and totals rmb 6.9 million

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