Estia Health announced an Institutional Entitlement Offer of a 1 for 3 pro-rata accelerated non-renounceable entitlement offer for new shares. It is expected to raise $72m at $2.10. A Retail Entitlement is expected to raise $65m.

Macquarie Capital Australia Ltd is the lead manager and underwriter to the Entitlement Offer.

For further information please see www.estiahealth.com.au