Business
Nova Leap Health Corp. announces Closing of Home Care Acquisition in Nova Scotia
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES HA...
About this update from Nova Leap Health Corp.
[{"type":"text","content":"Nova Leap Health Corp. announces Closing of Home Care Acquisition in Nova Scotia\n\n\n\n\n NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES\n \n\n\n HALIFAX, Nova Scotia, May 06, 2025 (GLOBE NEWSWIRE) -- NOVA LEAP HEALTH CORP. (TSXV: NLH) (\"Nova Leap\" or “the Company”), a growing home health care organization, is pleased to announce that it has completed the acquisition of the assets of a home care services company (“the Target”) with operations in Nova Scotia (“the Transaction”). The Target reported unaudited revenues of approximately $1.1 million and adjusted EBITDA of approximately $95,000 for its 2024 fiscal year.\n \n\n All amounts are in Canadian Dollars (“CAD”) unless otherwise specified.\n \n\n\n\n Under the terms of the definitive agreement, the Transaction, which closed on May 5, 2025, was made for total consideration of $390,000, with the full amount paid on closing. The $390,000 purchase price was funded with cash on hand.\n \n\n “We are pleased to further our expansion in Nova Scotia,” said Chris Dobbin, President & CEO of Nova Leap. “We are looking forward to working with the existing team as we further increase our market presence in the province.”\n \n\n\n About Nova Leap\n \n\n Nova Leap is an acquisitive home health care services company operating in one of the fastest-growing industries in the U.S. & Canada. The Company performs a vital role within the continuum of care with an individual and family centered focus, particularly those requiring dementia care. Nova Leap achieved the #42 and #2 ranking on the 2021 and 2020 Report on Business ranking of Canada’s Top Growing Companies and the #10 Ranking in the 2019 TSX Venture 50™ in the Clean Technology & Life Sciences sector. The Company is geographically diversified with operations in 8 different U.S. states within the New England, Southeastern, South-Central and Midwest regions as well as Nova Scotia, Canada.\n \n\n\n\n\n FORWARD LOOKING INFORMATION:\n \n\n\n\n\n Certain information in this press release may contain forward-looking statements. This information is based on current expectations and assumptions, including assumptions described elsewhere in this release and those concerning general economic and mar...