May 1 (Reuters) - Savaria Corp
* Savaria Corporation to acquire Span-America Medical Systems, Inc.
* Terms and conditions of transaction were unanimously approved by boards of directors of each of Savaria and Span-America
* Transaction is immediately accretive by more than 30 pct to Savaria’s ttm free cash flow per share
* Savaria has entered into an agreement with National Bank Financial and GMP Securities L.P. To sell 2 million subscription receipts
* If conditions to deal not satisfied by Sept 1, gross proceeds of offering will be returned to holders of subscription receipts with interest
* Savaria is also reaffirming its full year 2017 outlook provided on March 6, 2017 Source text for Eikon: Further company coverage: