March 1 (Reuters) - People Infrastructure Ltd (PPE) :
- PEOPLE INFRASTRUCTURE ACQUIRES HEALTHCARE BUSINESS AND OUTSTANDING SHARES IN RECON GROUP
- ACQUISITION PRICE FOR VICTORIAN NURSE SPECIALISTS IS $2.5 MILLION PAYABLE ON A CASH AND DEBT FREE BASIS
- ACQUISITION OF REMAINING SHARES IN ITS EXISTING IT BUSINESSES BEING RECON SOLUTIONS AND PROJECT PARTNERS FOR $2.8 MILLION
- DEAL EARNINGS ACCRETIVE FOR FY19
- EXPECTED THAT TWO ACQUISITIONS WILL CONTRIBUTE $1.1 MILLION IN INCREMENTAL EBITDA OVER NEXT 12 MONTHS
- CONSIDERATION FOR BOTH ACQUISITIONS WILL BE FUNDED BY DEBT FACILITIES