nib holdings limited (ASX:NHF) entered into an agreement to acquire All Disability Plan Management Pty Ltd on March 28, 2023. Transaction is expected to complete in the current financial year. The acquisition of All Disability?s plan management business is not material to nib?s earnings per share. All Disability will be accretive from the first full year of ownership for the allocated capital deployed. Highbury Partnership Pty Limited acted as financial advisor and Ashurst Australia acted as legal advisor to nib holdings limited.

nib holdings limited (ASX:NHF) completed the acquisition of All Disability Plan Management Pty Ltd on May 11, 2023. During the year, the nib group also acquired OrbitProtect Limited, Connect Plan Management Pty Ltd, and the assets and liabilities of All Disability Plan Management Pty Ltd for a total purchase consideration of AUD 37 million. Since 2022, nib holdings acquired various companies along with All Disability Plan Management which added over 250 employees to the nib Group.