People Infrastructure to buy Victorian Nurse Specialists

Company News

by Rachael Jones

People Infrastructure (ASX:PPE) is to buy Victorian Nurse Specialists.

It's a leading Melbourne-based nursing agency specialising in supplying general, critical care, mental health, midwifery and aged care nurses to private and public healthcare clients across Victoria.

The acquisition price for Victorian Nurse Specialists is $2.5 million payable on a cash and debt free basis.

The current senior management team will continue in their current roles post acquisition.

They also acquired the remaining outstanding shares in its existing IT businesses being Recon Solutions and Project Partners.

The acquisition price is $2.8 million.

Shares in People Infrastructure (ASX:PPE) last traded at $2.52.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.