SYDNEY, AUSTRALIA: APM Human Services International Limited (ASX: APM), a leading provider of employment services, has announced the signing of a Scheme Implementation Deed with Ancora BidCo Pty Ltd, an entity under the control of private equity firm Madison Dearborn Partners, LLC. This agreement sets the stage for the acquisition of all issued share capital…
SYDNEY, AUSTRALIA: APM Human Services International has disclosed that Madison Dearborn Partners (MDP), a major stakeholder with approximately 29% ownership and three board members, has expressed its intention to propose an acquisition of the company. The proposal, which is non-binding and indicative, suggests a scheme of arrangement under Part 5.1 of the Corporations Act 2001,…
SYDNEY, AUSTRALIA: APM Human Services International Limited (ASX: APM) has entered into a binding agreement to acquire all the issued shares of Everyday Independence for cash consideration of $52.5 million plus an earn-out based on financial year ended 30 June 2024 targets. Completion is expected to occur on 1 February 2023. Strategic acquisition of one…
SYDNEY, AUSTRALIA: APM Human Services International Limited (ASX: APM) has entered into a binding agreement to acquire market leading physiotherapy and home care group, Lifecare. The purchase price of $68 million will be funded from existing cash reserves, a news release noted. Completion of the acquisition is expected to occur in January 2022. Lifecare is…
SYDNEY: CVC Asia Pacific Limited (CVC) has increased its offer for APM Human Services International Limited (APM) to $2.00 cash per share, up from $1.60, in a bid to acquire the human services provider by way of a scheme of arrangement. APM’s board has agreed to grant CVC a four-week period of exclusivity to 27…
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…
SYDNEY, AUSTRALIA: APM Human Services International Limited announce the completion of the acquisitions of Early Start Australia, MyIntegra and Mobility as outlined in the Company’s IPO Prospectus. The acquisitions involve upfront consideration of $101.5 million through a combination of cash payments and the issue of shares. An earn-out payment will be payable contingent upon the…
OSLO, NORWAY: Lifecare, a company that is developing a long-lasting glucose sensor for people with diabetes, is launching a new subsidiary called Lifecare Veterinary. The new company will use the same sensor technology to help animals suffering from diabetes. The sensor, which is the size of a grain of rice, will be implanted in the…
SYDNEY: Australian health insurer Medibank Private Ltd said on Wednesday it has agreed to acquire primary care provider Better Medical for approximately $159 million, expanding its foothold in the country’s general practitioner sector. The acquisition of Better Medical, which operates a network of 61 GP and medical clinics across Victoria, Queensland, South Australia, and Tasmania,…
NEW YORK: Ambac Financial Group Inc (AMBC.N) said on Tuesday it has agreed to acquire supplemental health insurance program manager ArmadaCare from SiriusPoint Ltd (SPNT.N) for $250 million in a move to diversify its distribution business. The acquisition will accelerate the growth of Ambac’s distribution platform and strengthen its presence in the specialty insurance market,…
LONDON, UK: S-Ventures plc (AQSE: SVEN) announced the acquisition of 100% of the share capital of Hero UK Ltd trading as Juvela. Hero UK has been acquired from the Hero Group, a Swiss consumer foods group. The company manufactures and distributes a range of branded gluten free products under the Juvela brand which include a…
NEW YORK: Datadog Inc. announced that ParkMobile, the leading provider of smart parking and mobility solutions in the U.S., has utilized Datadog for monitoring, APM, and logging during its migration from an on-premises environment to a cloud-based environment on Amazon Web Services. ParkMobile helps millions of people easily find and pay for parking on their…