9th Sep 2015 06:42
LONDON (Alliance News) - Insurance claims outsourcing company Quindell PLC on Wednesday said it has agreed a deal to acquire the 50.1% stake it does not own in PT Healthcare Solutions Corp in an all-share deal.
Quindell said it will cover the consideration for the stake with the issue of 9.5 million new shares. Quindell shares closed at 99.00 pence on Tuesday, making the deal worth about GBP9.4 million.
PT Health is a Canada-baded physiotherapy and rehabilitation services provider which has recently shifted its revenue model towards insurance referrals.
By Sam Unsted; [email protected]; @SamUAtAlliance
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