Business
LevelJump Healthcare Corp. Acquisition Update
Toronto, Ontario--(Newsfile Corp. - March 6, 2023) - LevelJump Healthcare Corp. (TSXV: JUMP) (OTC...
About this update from Leveljump Healthcare Corp.
[{"type":"text","content":"LevelJump Healthcare Corp. Acquisition UpdateToronto, Ontario--(Newsfile Corp. - March 6, 2023) - LevelJump Healthcare Corp. (TSXV: JUMP) (OTCQB: JMPHF) (FSE: 75J) (\"LevelJump\" or the \"Company\"), a Canadian leader in B2B telehealth solutions, is pleased to announce that it has completed its preliminary due diligence and agreed to amending agreements with the sellers for the proposed Alberta IHF acquisition as announced on November 21, 2022.The purchase price has been reduced to $5.76 million of which a $100,000 deposit has already been paid. The balance of the purchase prices will be paid as $4.63 million in cash, and the issuance of 1,130,000 Units of the Preferred Share financing as announced by the Company in its press release dated February 28, 2023.Combined, the IHF's are currently reporting revenue of approximately $4.75 million with EBITDA of approximately $873,000.The transaction is now targeted to close in May and is subject to several conditions, including but not limited to, required regulatory approval, satisfactory due diligence and securing an institutional credit facility to fund the balance of the purchase price. These IHF's offer medical imaging including x-ray, ultrasound, fluoroscopy, and bone mineral density scans. The IHF's are all located in Calgary, Alberta, and its surrounding areas.About LevelJump HealthcareLevelJump Healthcare Corp., (TSXV: JUMP) provides telehealth solutions to client hospitals and imaging centers through its Teleradiology division, as well as in person radiology services through its IHF's (Independent Healthcare Facilities). JUMP focuses primarily on critical care for urgent and emergency patients, establishing integral relationships in the communities we serve.ON BEHALF OF THE BOARD OF DIRECTORS OFLEVELJUMP HEALTHCARE CORP.Mitchell GeislerChief Executive OfficerCaitlin-Robyn DensmoreInvestor Relations [email protected](437) 214-1568CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATIONThis news release contains \"forward-looking information\" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the Company's industry. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been co...