Nova Leap Health Corp. Continues U.S. Expansion With Closing of Strategic Acquisition in the Midwest
December 13 2021 - 7:00AM
NOVA LEAP HEALTH CORP. (TSXV: NLH) ("Nova Leap" or “the Company”),
a growing home health care organization, is pleased to announce
that it has completed the strategic acquisition of a home care
business with operations in Kentucky and Indiana. The execution of
the definitive agreement and related information pertaining to this
acquisition was previously announced on November 11, 2021.
“We’re pleased to enter both the Kentucky and
Indiana markets,” said Chris Dobbin, President & CEO of Nova
Leap. “This acquisition complements our existing business in Ohio
and is part of our strategy of expanding our footprint in the
Midwest and Southern regions. We’re looking forward to working with
this tremendous group of individuals as we plan further expansion
within these regions.”
About Nova LeapNova Leap is an
acquisitive home health care services company operating in one of
the fastest-growing industries in the U.S. & Canada. The
Company performs a vital role within the continuum of care with an
individual and family centered focus, particularly those requiring
dementia care. Nova Leap achieved the #42 and #2 ranking on the
2021 and 2020 Report on Business ranking of Canada’s Top Growing
Companies and the #10 Ranking in the 2019 TSX Venture 50™ in the
Clean Technology & Life Sciences sector. The Company is
geographically diversified with operations in 8 different U.S.
states within the New England, Southeastern, South-Central and
Midwest regions as well as Nova Scotia, Canada. FORWARD
LOOKING INFORMATION:
Certain information in this press release may
contain forward-looking statements, such as statements regarding
future expansions and cost savings, timing of receipt of ERC, and
plans regarding future acquisitions and business growth. This
information is based on current expectations and assumptions,
including assumptions concerning general economic and market
conditions, availability of working capital necessary for
conducting Nova Leap’s operations, availability of desirable
acquisition targets and financing to fund such acquisitions, and
Nova Leap’s ability to integrate its acquired businesses and
maintain previously achieved service hour and revenue levels, that
are subject to significant risks and uncertainties that are
difficult to predict. Actual results might differ materially from
results suggested in any forward-looking statements. Risks that
could cause results to differ from those stated in the
forward-looking statements in this release include the impact of
the COVID-19 pandemic or any recurrence, including government
regulations or voluntary measures limiting the Company’s ability to
provide care to clients (such as shelter-in-place orders, isolation
or quarantine orders, distancing requirements, or closures or
restricted access procedures at facilities where clients reside),
increased costs associated with personal protective equipment and
sanitization supplies, staff and supply shortages, regulatory
changes affecting the home care industry, other unexpected
increases in operating costs and competition from other service
providers. All forward-looking statements, including any financial
outlook or future-oriented financial information, contained in this
press release are made as of the date of this release and included
for the purpose of providing information about management's current
expectations and plans relating to the future. The Company assumes
no obligation to update the forward-looking statements, or to
update the reasons why actual results could differ from those
reflected in the forward-looking statements unless and until
required by securities laws applicable to the Company. Additional
information identifying risks and uncertainties is contained in the
Company's filings with the Canadian securities regulators, which
filings are available at www.sedar.com.
CAUTIONARY STATEMENT:
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For further information:
Chris Dobbin, CPA, CA
Director, President and CEO
Nova Leap Health Corp.
T: 902 401 9480
E: cdobbin@novaleaphealth.com
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