Highlights
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Conditional binding term sheet to acquire 100% of the business of Amentco, a healthcare solutions provider and Certified Austco Nurse Call reseller (Acquisition).
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The Acquisition will enable Austco to expand its offering to Australian hospitals and aged care providers to include other integrated low-voltage solutions.
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The Acquisition will accelerate Austco’s strategic initiative to build a direct sales capability in Australia, replicating the proven model Austco uses in the United States, Canada and Singapore.
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The Acquisition is priced at 3.5 times earnings before interest depreciation amortisation and tax (EBITDA) consistent with the Teknocorp acquisition.
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Amentco is forecast to achieve approximately $13 million in revenue and $3 million in EBITDA in FY2024.
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The Acquisition is expected to be immediately earnings per share accretive, not including any revenue synergy benefits.
Austco Healthcare Limited (“Austco” or “the Company”) (ASX:AHC) is pleased to announce that it has entered into a conditional binding term sheet to purchase Queensland based Amentco Enterprise Group Pty Ltd (“Amentco”), a leading provider of integrated communication and security systems for healthcare facilities. This acquisition marks a significant step forward in Austco Healthcare's mission to enhance patient care, safety, and operational efficiency through advanced technology solutions.
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