Nova Leap Health (TSXV:NLH): Fourth Acquisition Continues to Fuel Growth Plan

Nova Leap Health Corp.’s (TSXV:NLH) consolidated annualized recurring revenue run rate is now in excess of US$7 million

SmallCapPower | February 27, 2018: Another deal completed in Northeastern U.S. On February 26, 2018, Nova Leap Health Corp. (TSXV:NLH) announced that it completed the acquisition of Family Tree Home Care located in Shrewsbury, Massachusetts for US$2.1 million. The deal is expected to be immediately accretive. Since October 2016, the Company has completed four acquisitions and now has operations in five locations within Vermont, New Hampshire, Rhode Island, and Massachusetts, employing more than 250 employees. The Company’s consolidated annualized recurring revenue run rate is now in excess of US$7 million.

Previous year’s acquisitions are fully integrated. The Company acquired All About Home Care (“AAHC”) and Armistead Senior Care (“Armistead”) in September 2017 and October 2017, respectively. Both operations are fully integrated and performing well. Armistead’s and AAHC’s 2018 recurring service hours are both ahead of budget for the first six weeks, at 8.5% and 3.6% respectively. Nova Leap is beginning to realize economies of scale by integrating these platforms within its growth-by-acquisition model.

 

On February 23, 2018, Nova Leap completed a $1.7 million financing at $0.25/unit. Each unit included one common share and one half-24 month warrant with a strike price of $0.375. The proceeds were used partially to fund the Family Tree Home Care acquisition (mentioned above) and for working capital purposes.

Nova Leap continues to execute on their corporate strategy. The Company is focused on acquiring and organically growing Private Pay Non-Medical and Skilled Home Care Companies, and the recent acquisition illustrates that the Company can tap the capital markets to fund their M&A growth strategy. As the full impact of their last three acquisitions will only be reflected after Q1/18 financials are reported, we believe it is a good time to look at Nova Leap as an investment opportunity.

Read the entire news releases here:

Nova Leap Health Corp. Completes Purchase of Massachusetts Home Care Business

Nova Leap Health Corp. Closes Brokered and Non-Brokered Private Placements for $1.71 million

Nova Leap Health Corp. (TSXV:NLH) is a featured sponsored company and has paid SmallCapPower.com a fee for coverage. To learn more, see our full disclosure HERE >>

To read our full disclosure, please click on the button below:

The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.