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.