Viva Leisure Ltd. (AU:VVA) has released an update.
Viva Leisure Ltd. marks a significant expansion with strategic moves into Western Australia by acquiring eight health club locations and launching a $16 million institutional placement to fund these acquisitions and future growth initiatives. These acquisitions are expected to contribute over $3.90 million in annual EBITDA, bolstering Viva’s position as Australia’s largest non-franchised health club brand and establishing a substantial national presence. With the expansion, Viva Leisure now operates 183 locations across six states and territories, solidifying its status as the second-largest health club network in Australia.
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