What is the latest with these 2 healthcare stocks – Healthscope and Primary Health Care

Sale of standalone medical centres operations: Healthscope Ltd (ASX: HSO) has entered into an agreement to sell its standalone medical centres operations for A$55 million to Fullerton Primary Care Pty Ltd (subsidiary of Fullerton Australia). The transaction is expected to be complete by the end of September 2017. Healthscope’s standalone medical centres operations consist of 43 medical centres, four specialist skin clinics and one specialist breast diagnostic clinic located across Victoria, New South Wales, the Australian Capital Territory, Queensland and Western Australia. In the first half of FY17, the standalone medical centres operations contributed approximately 2% of Group Operating EBITDA. Further, HSO expects to book a non-cash impairment loss of $54.7 million in relation to the sale to be recorded in the FY17 financial results. Divestment of the Medical Centres operations is part of its strategic review and it will allow the company to focus on core hospitals and international pathology operations. As part of the transaction, all existing medical centres employees will be offered continued employment with the business going forward.

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