Austco Healthcare is bolstering its position in the Australian healthcare sector with the acquisition of Amentco Enterprise, a Queensland-based provider of healthcare-specific communication and security systems.
The move aims to enhance patient care, safety, and operational efficiency through advanced technology solutions.
Amentco's expertise in nurse call, workflow, real-time locating, security, CCTV, and access control systems will diversify Austco's offerings in Queensland.
The acquisition, with terms including upfront cash, Austco shares, and an earnout arrangement, is set for completion in the early fourth quarter of FY24.