Hills (ASX:HIL) welcomes new cornerstone investor

Hills (ASX:HIL) has announced funding from private investor Historical Holdings, which will become a major shareholder in the Australian healthcare services provider.

The industrial conglomerate company with branches across Australia and New Zealand says Historical Holdings will invest more than $4M following an initial capital injection.

Hills says the funds will be used to accelerate growth and return Hills to profitability.

The company's share price is up 18% the past five days.