On 2nd February 2023, APM Human Services International Limited (ASX: APM) announced the news of completing the acquisition of Everyday Independence. The amount for cash consideration is calculated at AU$52.5 million as well as an earn-out based on the financial year ended on 30 June 2024. The five-month-long underlying statutory EBITDA contribution of Everyday Independence to APM for the year ended 30 June 2023 is predicted to be AU$6.3 million. Established in 1997, Everyday Independence is a registered National Disability Insurance Scheme (NDIS) providing therapies to children, youth, and adults.
Currently operating from 30 locations providing services to more than 10,000 participants, substantially increasing APM’s service reach to NDIS participants across all ages. Everyday Independence is a registered provider of Therapeutic Support. In 2022, NDIS funding was AU$29.9 billion, with a budget of AU$35 billion in 2023. The NDIS represents fewer than 5% of APM revenue in Fiscal Year 2022. Also, it supports APM’s strategy to become the market-leading national provider of Allied Health services.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.