Goldsearch Limited (ASX:GSE) is moving into the healthcare sector after entering into an agreement to acquire Horizon Healthcare Solutions for up to $8 million.
Horizon is a proprietary company providing work care medical services, after hours medical services, ancillary health services as well as employee and relative medical support services.
The purchase price is payable as to a non-refundable deposit of $25,000 in cash and the balance by an issue of up to 2,658 million new shares in Goldsearch at an issue price of $0.003 each.
Goldsearch will now undertake due diligence on the acquisition.
The company intends to raise money to fund the costs associated with implementation of the transaction through an issue of shares.
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News: Goldsearch Limited jettisons resources for healthcare
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