6th Oct 2025 17:03
(Alliance News) - Beacon Rise Holdings PLC on Monday said it has entered non-binding heads of terms to acquire Dr Kerry Sissins Chiropractor Ltd for around GBP710,000.
The London-based shell company said the consideration payable is expected to be satisfied in cash, with it expecting to generate the consideration through a combination of equity and debt financing.
Last week, the company reported preliminary discussions regarding the potential acquisition of a UK-based private chiropractor practice.
The transaction remains subject to several factors, said Beacon Rise, such as due diligence, regulatory and shareholder approval, and negotiation with regard to the final binding acquisition agreement.
Dr Kerry Sissins Chiropractor generated revenue for the financial year to April 30 of around GBP560,000, and earnings before interest, tax, depreciation, and amortisation of around GBP170,000 said Beacon Rise.
Beacon Rise said it continues to progress discussions in relation to the proposed training-provider acquisition, in addition to the proposed Ergotec Health LLP acquisition.
On Monday last week, Beacon Rise said entered non-binding heads of terms to acquire Ergotec for approximately GBP1.0 million. At this time, Beacon Rise said it was preliminary discussions with regard to the potential acquisition of a UK-based educational training provider operating in the healthcare sector.
Due to the classification of the transactions as 'initial transactions' under UK listings rules, the company's shares remain suspended from trading.
By Christopher Ward, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Beacon Rise