Australia's Zenitas Healthcare Ltd. is acquiring the remaining 49% NexttCare Pty Ltd., an aged care services provider.
The $14.7 million consideration will be funded from Zenitas' debt facilities.
Zenitas was to acquire the stake in July 2019, after taking an initial 51% of NexttCare in July 2017.
CEO Justin Walter said the accelerated acquisition is driven by Zenitas' recent purchase of Australian Home Care Services.
The deal is expected to close in December.