PeopleIn Ltd Investor Briefing Transcript
Thank you for standing by and welcome to the PeopleIn Limited market update. (Operator Instructions) I would now like to hand the conference over to Mr. Ross Thompson, Chief Executive Officer. Please go ahead.
Great. Thank you, very much and good morning, everyone. This morning, I will be presenting with Adam Leake, PeopleIn Chief Financial Officer; We're also joined by our Chair, Glen Richards; and our Founder, Tom Reardon as well.
So, thank you very much indeed for your time, and it's a pleasure to strategically announce the sale of our health and community brands, First Choice Care and Edmen to Healthcare Australia. We're selling these businesses to the ideal buyer, Healthcare Australia, given that they have the scale, the market position to further grow the businesses and provide future opportunities for our staff.
We've divested the businesses that a strong multiple of 6.2 times. That's well above what we are trading on currently. This divestment provides
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