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.
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”.