Integral Diagnostics launches retail entitlement offer

02/09/2019 09:00:00

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Medical imaging services company, Integral Diagnostics (ASX:IDX) will kick off its retail entitlement offer today.

The entitlement offer is intended to raise gross proceeds of approximately A$72 million.

Funds raised will go towards the $104 million acquisition of Imaging Queensland which Integral announced last week.

Integral expexts the acquisition to complete in November 2019.

Shares in Integral Diagnostics (ASX:IDX) closed 1.3 per cent higher at $3.10.