- LevelJump Healthcare (JUMP) plans to acquire two diagnostic imaging clinics in Calgary, Alberta for $1.92 million.
- The clinics generate a combined revenue of $2.2 million and an EBITDA of $500,000.
- The acquisition is expected to close by July 2025, subject to regulatory approvals and financing.
LevelJump Healthcare Corp. (JUMP), through its subsidiary Canadian Teleradiology Services (CTS), has entered into a definitive agreement to acquire two diagnostic imaging clinics in Calgary, Alberta. The acquisition is valued at $1.92 million in cash and is expected to enhance LevelJump's footprint in the diagnostic services market in Alberta.
The clinics provide medical imaging services such as x-ray, ultrasound, and mammography, collectively generating approximately $2.2 million in revenue and an EBITDA of $500,000. This strategic acquisition aims to be accretive to LevelJump's operations, further supporting the growth of its diagnostic services in the region.
The transaction is anticipated to close by July 2025, contingent upon regulatory approval, due diligence, and securing institutional financing for the purchase price balance. CEO Mitch Geisler emphasized that this acquisition marks an important milestone and aligns with LevelJump's mission to expand its diagnostic services footprint.
Concurrently, LevelJump announced a delay in filing its 2024 year-end reporting documents, now expected within the next 7 to 10 days. This delay has led to a cease trade order, which the company plans to lift upon submission of the filings, allowing for the reinstatement of trading of its shares on the TSX Venture Exchange.
