Nova Leap Expands Presence with Strategic Acquisition in Nova Scotia
Deal News | Jan 20, 2025 | Globenewswire
Nova Leap Health Corp., a growing home health care organization, announced the completion of its strategic acquisition of two affiliated home care service companies based in Nova Scotia. This expansion adds new territories to Nova Leap's existing operations within the province. This transaction, classified as a non-arms length transaction under TSX Venture Exchange policies, was endorsed by uninvolved shareholders on January 8, 2025. Nova Leap is noted for its operations in multiple U.S. states, categorized under Clean Technology & Life Sciences, focusing on the care of individuals and families, particularly concerning dementia care. The company highlights this acquisition as a step toward enhancing its market presence in the rapidly growing home health care industry across the U.S. and Canada. Nova Leap's forward-looking statements stress the company's plans and expectations for integration and expansion given the volatile nature of economic conditions and other industry-specific challenges.
Sectors
- Healthcare
- Life Sciences
- Mergers & Acquisitions (M&A)
Geography
- Canada – Nova Leap Health Corp. operates its newly acquired companies in Nova Scotia, Canada, and has a significant presence in the Canadian healthcare market.
- United States – Nova Leap Health Corp. is also operating in various U.S. states and its base within North America encompasses operations in the United States.
Industry
- Healthcare – The article focuses on Nova Leap Health Corp., which operates within the healthcare sector, particularly home health care services.
- Life Sciences – Nova Leap is part of the Clean Technology & Life Sciences sector as it provides crucial home health care services catering to individuals with specific care requirements.
- Mergers & Acquisitions (M&A) – The article discusses the acquisition of two home care service companies by Nova Leap Health Corp., highlighting M&A activities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nova Leap Health Corp. | Acquirer | Company | An acquisitive home health care services company operating in Canada and the United States, focusing on dementia care. |
| Two Affiliated Home Care Services Companies | Target Company | Company | The companies acquired by Nova Leap Health Corp. as part of its strategic expansion in Nova Scotia. |
| Dana Hatfield | Chair of the Board | Person | A leadership figure at Nova Leap Health Corp, commenting on the acquisition's strategic significance. |