Austco Healthcare signed a share purchase agreement to acquire 100% of Amentco, a communication hardware and software provider and Certified Austco Nurse Call reseller.
The acquisition, expected to finalise by May 1, aims to enhance Austco's direct sales in Australia, mirroring successful models in other regions.
It will broaden Austco's service offerings to Australian healthcare providers by adding security solutions and low-voltage products.
Austco plans to retain key Amentco personnel for a seamless transition and to leverage operational efficiencies and revenue synergies.
The acquisition is valued at $10.6 million and involves an upfront cash payment, share consideration, and potential earnout based on future EBITDA.