PPE 3.06% 95.0¢ peoplein limited

News: PPE People Infrastructure Ltd To Buy Nursing Agency Business

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    Aug 13 (Reuters) - People Infrastructure Ltd (PPE) :

    • PPE TO ACQUIRE LEADING NURSING AGENCY BUSINESS
    • ACQUISITION PRICE FOR NETWORK NURSING AGENCY IS $8 MILLION PAYABLE IN CASH ON CLOSING
    • EXPECTED THAT ACQUISITION WILL BE COMPLETED IN COMING WEEKS
    • TO ACQUIRE NETWORK NURSING AGENCY PTY LTD AND AUSTRALIAN HEALTHCARE ACADEMY PTY LTD
    • IF FY19 EBITDA EXCEEDS $2.65 MILLION THEN A FURTHER $0.55 MILLION IN CASH CONSIDERATION FOR VENDORS
    • IF FY19 EBITDA EXCEEDS $2.8MILLION THEN A FURTHER $1.1MILLION IN CASH CONSIDERATION FOR VENDORS
 
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