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Nova Leap Health acquires home care services company

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Nova Leap Health acquires home care services company

Nova Leap Health Corp. completed the acquisition of the business assets of Shrewsbury, Mass.-based Family Tree Home Care Inc. for $2.1 million.

Under the deal, the payment consisted of $450,000 in cash, a demand loan of $1.35 million from a Canadian bank, and a $300,000 promissory note issued to Family Tree.

The target company will continue to operate as Family Tree Home Care, with all the existing employees expected to remain with the home care agency.