- Leveljump Healthcare (JUMP) subsidiary, Canadian Teleradiology Services (CTS), will acquire four diagnostic imaging clinics from private Alberta vendors
- These clinics offer medical imaging, including x-ray, ultrasounds, fluoroscopy, and bone mineral density scans. They are all located in and around the Calgary area
- The purchase price is $5.88 million, the balance will be paid as $4.95 million in cash and shares
- LevelJump Healthcare Corp. (JUMP) is down 5.88 per cent, trading at C$0.08 per share at noon ET
Leveljump Healthcare (JUMP) subsidiary, Canadian Teleradiology Services (CTS), will acquire four diagnostic imaging clinics from private Alberta vendors.
Also known as independent healthcare facilities, these clinics offer medical imaging, including x-ray, ultrasound, fluoroscopy, and bone mineral density scans. They are all located in and around the Calgary area.
The purchase price is $5.88 million, the balance will be paid as $4.95 million in cash, the issuance of 830,000 common shares at an issue price of $0.10 per share and 830,000 Class A Series 1 shares of Leveljump at an issue price of $0.90 per share. The transaction is set to close in January 2023, subject to conditions.
The company’s CEO, Mitch Geisler, called this another milestone for the company.
“With the acquisition of these four imaging clinics, CTS will now become a truly national company. We will be increasing the revenues and EBITDA of our subsidiary, Canadian Teleradiology Services, to approximately $16 million and $2.5 million annually, respectively. We look forward to increasing patient scan volumes and expanding the new clinics. Additionally, we will hope to have synergies and cost efficiencies with our current operations, allowing for increased profitability.”
Leveljump Healthcare is a healthcare company with a focus on profitable telehealth solutions as well as primary care services in radiology. The company provides radiology solutions for hospitals, emergency rooms, and private clinics.
LevelJump Healthcare Corp. (JUMP) is down 5.88 per cent, trading at C$0.08 per share at noon ET.
