trending Market Intelligence /marketintelligence/en/news-insights/trending/fch-oaxhawltheqny9tm6w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Zenitas accelerates acquisition of aged care services provider

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Zenitas accelerates acquisition of aged care services provider

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.