APM completes acquisition of Equus Workforce Solutions

APM completes acquisition of Equus Workforce Solutions

SYDNEY, AUSTRALIA: APM Human Services International Limited (ASX: APM) has completed the acquisition of Equus Workforce Solutions and certain affiliates (Equus), a wholly owned company of BrightSpring Health Services for A$239.8 million (US$153.5 million).

In FY22, Equus Workforce Solutions reported total revenue of A$454.7 million (US$291 million), Underlying EBITDA and NPATA pre-financing costs of A$50 million (US$32 million) and A$20.2million (US$12.9 million), reflecting a full year of ownership under APM excluding one-off, non-recurring items such as integration and transaction costs.

APM looks forward to welcoming the Equus team into the APM family. Together the Equus team combined with APM’s exceptional North American team, will form a formidable team in the North American marketplace.

APM Executive Chair, Megan Wynne said: “At APM we remain focused on increasing access to our services for our current and future clients. The coming together of APM and Equus enables us to expand the breadth and reach of offerings, and the number of locations, and channels in which we operate”.

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