Austco Healthcare Limited (ASX:AHC) agreed to acquire Amentco for AUD 10.6 million on February 21, 2024. The Purchase Price will be satisfied through an upfront cash payment subject to adjustments of AUD 5,000,000, the issue at completion of AUD 2,000,000 of Austco shares and an earnout amount calculated on the annualised FY24 EBITDA and FY25 EBITDA of Amentco multiplied by 3.5 times less the Upfront Payment. The transaction is subject to retention of key employees, regulatory consents and approvals , Austco finalising its financial and legal due diligence.

The transaction is expected to be completed early in Q4 of FY24.