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Sonic Healthcare completes A$600M placement to fund Aurora acquisition

Sonic Healthcare Ltd. completed its placement of 30,769,231 ordinary shares, raising about A$600 million to partially fund the Australian healthcare services provider's US$540 million acquisition of Aurora Diagnostics LLC.

The placement was priced at A$19.50 per share.

Sonic Healthcare also opened a nonunderwritten share purchase plan to raise up to A$100 million. Eligible shareholders can buy up to A$15,000 worth of ordinary shares at A$19.50 each. The record date for eligible shareholders to participate in the plan is Dec. 11. The plan will close Feb. 4, 2019.

Sonic provides medical diagnostic and administrative services.