Brief: Nova Leap Health Announces Execution Of LoI To Acquire Home Care Services Business In Northeastern U.S.

Nova Leap Health

09/01/2018 14:01

Jan 9 (Reuters) - Nova Leap Health Corp  NLH.V : 
    * NOVA LEAP HEALTH CORP. ANNOUNCES EXECUTION OF LETTER OF 
INTENT 
(LOI) TO ACQUIRE HOME CARE SERVICES BUSINESS IN THE NORTHEASTERN 
U.S. 
    * NOVA LEAP HEALTH CORP - ACQUISITION IS EXPECTED TO BE 
IMMEDIATELY ACCRETIVE 
    * NOVA LEAP HEALTH CORP - UNDER TERMS OF LOI, ACQUISITION IS 
TO BE 
MADE FOR TOTAL CONSIDERATION OF $2.1 MILLION 
    * NOVA LEAP HEALTH CORP - CORPORATION EXPECTS TO RAISE A 
COMBINATION OF DEBT AND EQUITY TO FUND TRANSACTION 
    * NOVA LEAP HEALTH CORP - UPON DEAL CLOSE, NOVA LEAP'S 
ANNUAL 
REVENUE RUN RATE IS EXPECTED TO APPROACH $7 MILLION 
 
Source text for Eikon:  ID:nGNXOLPWKa  
Further company coverage:  NLH.V  
 
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