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10 months ago
BRIEF-Estia Health revises 2016/17 guidance
October 5, 2016 / 11:21 PM / 10 months ago

BRIEF-Estia Health revises 2016/17 guidance

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Oct 6 (Reuters) - Estia Health Ltd

* Revised guidance range of 2016/17 underlying ebitda of $86 million to $90 million

* Kennedy family to subscribe for up to $15 million of shares at drp price

* Strategic review of operations commenced with an emphasis on cost reductions and improved efficiencies

* Non-Core assets to be divested

* Final payment made to kennedy family for kennedy health care transaction

* At current run rate its non- labour operating expenses in fy2017 will be approximately $11.7 million higher than originally forecast.

* Progressing appointment of additional directors and search for a permanent ceo.

* Interest expense, depreciation,total capex on developments remain in line with anticipated ranges disclosed in co's year end results presentation Source text for Eikon: Further company coverage:

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