Novita Healthcare Ltd to acquire technology platform Newly raising $3.5M.

Novita Healthcare Ltd (ASX:NHL) has entered into a binding agreement to acquire,  One10 startup alumni, Newly Pty Ltd, a recruitment solution for the aged/community and disability care sector. 

The total consideration for the acquisition will comprise $1 million upfront and a deferred cash earn-out of 4x profit before tax in calendar year 2019.

Congratulations to all involved and the inspirational co-founders for their years of hard work and dedication.