Freedom Care Group Holdings Ltd Announces Sale of Disability Care Business
Key points
- Koala Disability Care Pty Ltd sells its business to Ello Care Pty Ltd
- Sale price is $2,238,229 exclusive of GST
- Deposit of $223,822 paid on exchange, balance payable on settlement
Full summary
Freedom Care Group Holdings Limited (ASX: FCG) announced that Koala Disability Care Pty Ltd, in which FCG's subsidiary holds a 29% interest, has sold its disability care business to Ello Care Pty Ltd. The sale price is $2,238,229 exclusive of GST. A deposit of $223,822 was paid on exchange, with the balance of $2,014,406 payable in cleared funds on settlement, expected on 14 October 2026. FCG will receive its portion of the sale proceeds and continues to explore relisting options.
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