SYDNEY, AUSTRALIA: APM Human Services International Limited (ASX: APM) has entered right into a binding settlement to acquire all of the issued shares of Everyday Independence for money consideration of $52.5 million plus an earn-out based on monetary year ended 30 June 2024 targets. Completion is anticipated to happen on 1 February 2023.
Strategic acquisition of 1 of many largest suppliers of NDIS remedy services in Australia Founder led Everyday Independence is a number one registered National Disability Insurance Scheme (NDIS) supplier established in 1997 delivering evidence-based therapies to children, youth, and adults in order that they can overcome barriers to live a full and happy life.
Everyday Independence has over 450 therapists working from 30 locations offering services to greater than 10,000 participants in Queensland, Victoria, New South Wales, South Australia, Tasmania, and Western Australia, considerably increasing APM’s service attain to NDIS participants throughout all ages.
Everyday Independence is a registered supplier of Therapeutic Supports collectively with Occupational Therapy, Speech Pathology and Physiotherapy and delivers Early Childhood Intervention Services, Habit Coaching, and positive behaviour support services.
The acquisition of Everyday Independence helps APM’s technique to become the market main nationwide supplier of Allied Health services throughout the lifespan, from infancy to ageing.
Together, throughout our mixed operations we will have greater than 1,500 Allied Health professionals working throughout 193 locations in Australia.
The NDIS is an Australian authorities funded scheme offering important support for Australians with disability, their families, and carers. The NDIS currently helps over 560,0001 Australians with incapacity (up 15% on prior year) to entry the services and helps they need. It is estimated there’ll be over 740,000 participants by 2026 and greater than 1 million by 2032.
NDIS funding was $29.9 billion in 2022 with budget estimates forecasting $35 billion in 2023 (of which roughly $25 billion will support service delivery).
Commenting on the Acquisition, APM Group CEO, Michael Anghie said: “Everyday Independence has nice people, a strong reputation and is a strategic acquisition for APM increasing our Allied Health enterprise in Australia in addition to our NDIS service offering.
We will proceed to make investments in our people to allow us to develop and expand the depth and breadth of our service offering to make sure that all Australians no matter the place they live, whether or not it be metropolitan, regional, or rural areas, have entry to excessive high quality proof based allied well being services.
The acquisition of Everyday Independence is aligned with our technique to proceed to expand our enterprise within the important thing growth sector of Disability Services and enhances APM’s existing Allied Health enterprise and overarching growth objectives”
APM Executive Chair, Megan Wynne said: “I am delighted to welcome the Everyday Independence team into the APM family. As purpose pushed businesses, we’re strongly aligned in our tradition and values. We have lengthy admired the enterprise constructed by Founders, Leanne and Mal Healey, and over recent months have learnt a lot about one another and our shared vision.
Together we will proceed to empower people to realise their aspirations through improved independence, well being and wellbeing and elevated social and financial participation of their community”.
Commenting on the Acquisition, Everyday Independence Founder and CEO Leanne Healey said: “We are enthusiastic about becoming a member of APM and what we can do collectively for our clients and people. Under the umbrella of APM, Everyday Independence will have an even greater impact on the lives of individuals, families, and communities. We are delighted to join forces with an organisation that has the attain and impact of APM.”