Eyecare Partners Limited has announced the acquisition of a practice located at Spring Hill, Queensland, which is expected to add one million dollars in annualised gross revenue to the group. In line with the management philosophy, the practice will remain managed by the vendor of the practice and is expected to be cash flow positive and add to earnings per share. The company says it continues to investigate future acquisitions to increase the geographic footprint of the group and to add to the clusters of practices in each state. It says it continues to increase in size and remains well positioned against other companies in the ASX Health Care Equipment and Services index.
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