Traditional Therapy Clinics Ltd., through its subsidiary Fuqiao Holdings Co. Ltd., entered an agreement to acquire a clinic in Xingyi, China, for A$1.34 million.
The acquisition is expected to close in January 2017.
Traditional Therapy Clinics now owns 24 clinics. The company aims to continue growing its clinic network.
As of Dec. 9, US$1 was equivalent to A$1.34.