Nexus Day Hospitals Pty Ltd entered into an agreement to acquire Montserrat Healthcare Pty Ltd from Healius Limited (ASX:HLS) on December 8, 2022. Montserrat Healthcare has enterprise value of up to AUD 138.6 million. The enterprise value includes deferred contingent consideration of up to AUD 11.4 million. The contingent consideration is subject to meeting certain financial and non-financial targets over financial year 2023 and financial year 2024. The deal is expected to close in first half of 2023. Bradley Russell,Shonie Kaushik, Laura Boshier Eggins and Alessandra Hayward of Herbert Smith Freehills acted as legal advisor to Montserrat Healthcare and Healius Limited (ASX:HLS).

Nexus Day Hospitals Pty Ltd completed the acquisition of Montserrat Healthcare Pty Ltd from Healius Limited (ASX:HLS) for AUD 140 million on May 1, 2023. Healius has received cash proceeds of AUD 127 million, which represented a AUD 138.6 million enterprise value adjusted for deferred contingent consideration and completion adjustments, including working capital and debt and debt-like items. The sale price represents approximately 18 times FY22 adjusted EBITDA. Allens acted as legal advisor to Nexus Day Hospitals Pty Ltd.