Mayfield Childcare (ASX:MFD) expands Cairns portfolio to five with new childcare centre acquisition
With this acquisition, Mayfield has increased its total license capacity in the region to 417 places.
Mayfield paid $1.07 million for the acquisition, funded by existing debt facilities, and the new centre is expected to generate $214,000 in earnings before interest, taxes, depreciation, and amortization (EBITDA) over 2023.
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