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New Deal


Announced

Novita to merge with Scosa.

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Australia

Merger

people with disabilities

disabilities services

Private

Friendly

Pending

Medical Services

Single Bidder

Synopsis

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Leading South Australian disability service organisations Novita and scosa will merger after members of both organisations voted to facilitate the plan. Financial terms were not disclosed. The move will bring together the two organisations’ complementary service offerings to create a unique disability service for South Australia – a single provider that can offer a continuum of support for people living with disability at all stages of life. “We explored this merger because at the outset we believed it would be beneficial to people living with disability in South Australia. This has now been confirmed not only by due diligence, but by the ongoing support this proposal has received from the members, Boards, staff and families of both organisations." Greg Ward, Novita CEO.

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