APM Human Services International Limited (ASX:APM) entered into a binding agreement to acquire Lifecare for AUD 68 million on December 3, 2021. The purchase price of AUD 68 million will be funded from existing cash reserves. For the financial year ended June 30, 2021, Lifecare generated AUD 53 million of revenue with underlying EBITDA of AUD 10 million. Completion of the acquisition is expected to occur in January 2022.

APM Human Services International Limited (ASX:APM) completed the acquisition of Lifecare on January 4, 2022.