Shares & Derivatives
ComfortDelGro makes Small Acquisition of Australia Non-emergency Patient Transport Company
By Investment Moats  •  April 10, 2018
ComfortDelGro makes an acquisition of an Australia transport business. This will be a business targeting a different segment of needs. With 144 vehicles. It offers a range of healthcare transport services to major metropolitan hospital networks including walker, hoist and stretcher transport services, and specialist services for high acuity and complex patients. NPT also operates a registered training organisation that is qualified to deliver and assess a range of non-emergency healthcare transport, first aid and resuscitation courses in Australia. The purchase price is SG$30 mil, which likely will be internally finance. NPT was purchased at 5.6 times EBITDA. This looks like a splendid acquisition to most people versus the deal that they struck with Uber for the Lion City Car Rental (LCR). That looks more like a forced deal since in the past 2 years LCR have not been very profitable. The narrative seems to be that LCR would translate ......
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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