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