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Traditional Therapy Clinics continues clinical network expansion in China

Traditional Therapy Clinics Ltd. said it was acquiring another clinic in China, this time in the city of Yulin.

The announcement comes a few days after the company said its subsidiary Fuqiao (Chongqing) Holdings Co. Ltd. was purchasing a clinic in Xingyi, China, for A$1.34 million. Traditional Therapy Clinics will pay A$1.40 million for the Yulin-based clinic and expects to close the transaction in January 2017.

As of Dec. 13, US$1 was equivalent to A$1.33.