Nova Leap Health Corp. Announces Expansion in Nova Scotia With Execution of Definitive Agreement and Provides Update on Florida Acquisition

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Last update: Oct 29, 2024

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HALIFAX, Nova Scotia, Oct. 29, 2024 (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 executed a definitive agreement (the “Agreement”) to acquire all of the shares of two affiliated home care services companies (“the Targets”) with operations in Nova Scotia (the “Transaction”). The Targets reported aggregate unaudited revenue of approximately $2.56 million, unaudited net income of approximately $235,000 and Adjusted EBITDA of approximately $276,000 for the 2023 fiscal year. All amounts are in Canadian Dollars (“CAD”) unless otherwise specified.