Company Name: HealthcareLink
Announcement Date: 24/10/2018
Announcement Category: Merger/acquisition
Announcement Content:
Sydney, Wednesday 24 October 2018: HealthcareLink is pleased to announce that it has completed the acquisition of Newly and received investment from ASX-listed Novita Healthcare Limited (ASX: NHL).
The combined HealthcareLink member base will now be more than 30,000 practitioners, 20,000 carers and 7,000 employers creating the largest defined professional health-focused network in Australia.
The combined entity will create a powerful human resource placement solutions in the healthcare sector, driven deep domain experience of the combined teams and a unique SaaS technology offering. It will provide significant benefits and opportunities to both employees, employers and other healthcare service providers. Newly is Australia’s first online marketplace connecting carers with providers.
In addition, the Newly acquisition will position HealthcareLink to be a recruitment leader in the $22 billion NDIS market, which is currently relatively underserviced for recruitment.
The Newly acquisition is consistent with HealthcareLink’s strategy of expanding its existing business and SaaS technology into new verticals.
The value of the transaction and investment is $1 million and Novita will hold 10% of Healthcarelink.
Mr Glenn Smith, Managing Director at Novita and former CEO of Spot Jobs will join the Board of HealthcareLink.
An equity raising is to be launched to raise a further $1 million to grow the combined business and provide funds for marketing, advertising, additional staff and other resources and ongoing technology development
Glenn Smith, Managing Director of Novita said:
“We are excited to be investing in Healthcarelink. The combined entity will create a powerful placement solution in the healthcare sector, driven by deep domain experience of the combined teams and a unique SaaS technology offering”.
Commenting on the acquisition of Newly, Founder & CEO of Healthcarelink Kopi Nadarajah said:
“We look forward to working with the Newly team and our new investor Novita as we aim to expand the HealthcareLink technology platform into new verticals. The skills and networks of the combined group will provide a superior and broader service to a range of employees and employers”.
HealthcareLink is an award winning , online marketplace for jobs and careers in the healthcare and medical industry. Its goal is to break through the inefficiencies inherent within the medical and healthcare sourcing and hiring process within Australia. It was recognised as the winner of The Recruitment, Consulting and Staffing Association Australia and New Zealand (RCSA) Industry Awards for the Tech Innovation of the Year Award 2018.
– Ends –
Announcement URL: https://www.healthcarelink.com.au/aboutus/2018/10/acquisition-creates-australias-largest-healthcare-focused-employment-matching-platform-healthcarelink-com-au/
About HealthcareLink:
HealthcareLink.com.au is Australia’s number one online platform that helps match professionals to employers and CPD providers in the healthcare and medical field. It has 30,000+ healthcare and medical professionals, 20,000 carers and 7,000+ employers in its network, providing easy access to medical doctors, nurses and midwives, allied health, aged care and home care, oral health and management and administration professionals.
HealthcareLink provides a unique online recruitment platform open to businesses of all sizes in the healthcare and medical industry so that employers can find the right healthcare professionals and jobseekers find the right job easily. Visit healthcarelink.com.au
Go to Company Profile for: HealthcareLink
Announcement Contact: [email protected]
