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Nova Leap Health Announces Execution of Definitive Agreement to Acquire Home Care Services
Mar. 19, 2018 08:34AM PST
Longevity InvestingNOVA LEAP HEALTH (TSXV:NLH) is pleased to announce that it has executed a definitive agreement (“the Agreement”) to acquire a home care services company (“the Target”) located in New England. As quoted in the press release: The acquisition is expected to be immediately accretive. Upon closing of the acquisition, which is targeted for early in …
NOVA LEAP HEALTH (TSXV:NLH) is pleased to announce that it has executed a definitive agreement (“the Agreement”) to acquire a home care services company (“the Target”) located in New England.
As quoted in the press release:
The acquisition is expected to be immediately accretive. Upon closing of the acquisition, which is targeted for early in the second quarter of calendar 2018, Nova Leap’s annual revenue run rate is expected to approach $9 million, an approximate 28% increase over current revenue run rate. Upon closing, Nova Leap is expected to approach 352,000 annualized recurring home care service hours, an approximate 25% increase from current levels.