Sonic Healthcare Limited (ASX:SHL) signed a binding agreement to acquire Canberra Imaging Group on June 17, 2021. The transaction will be funded from cash and/or available debt lines. During the year ended 2020, Canberra Imaging Group reported revenue of AUD 60 million. As part of the transaction, all Canberra Imaging Group staff will become part of the Sonic Healthcare group. The transaction is subject to customary closing conditions and is expected to be completed in first quarter of FY 2022. As of August 22, 2021, the transaction is expected to close on September 1, 2021. The transaction will be immediately earnings per share accretive. Chevalier Capital Pty Ltd acted as financial advisor to Canberra Imaging Group.