This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Stockwatch Business Reporter
The TSX Venture Exchange rallied 16.92 points to 810.92 Friday, ending the week up 5.39 points. Chris Dobbin's halted capital pool shell, Nova Leap Health Corp. (NLH), has signed a definitive deal to acquire Northern Family Home Care Inc. for the shell's qualifying transaction. Nova Leap will pay $240,000 (U.S.). It had $672,916 cash on April 30, 2016.
Northern Family was formed in 2012 by husband and wife Edward and Jessica Taveras, who are both licensed nursing assistants. Their home health care company offers non-medical services in New Hampshire and Vermont. Customers include seniors, chronically ill or housebound patients, and others who may need daily-living assistance. Northern Family's services include helping customers use the bathroom, reminding them to take their medications, helping them eat, doing light housework, buying groceries and providing non-emergency medical transportation. Medicare and Medicaid do not cover payments for these services, but some private insurance plans do. In 2015, Northern Family lost $263 (U.S.) on revenue of $446,415 (U.S.). In 2014, it lost $40,499 (U.S.) on revenue of $410,815 (U.S.).
The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS
© 2024 Canjex Publishing Ltd. All rights reserved.