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Nova Leap Health Corp V.NLH

Alternate Symbol(s):  NVLPF

Nova Leap Health Corp. is a Canada-based acquisitive home health care services company operating in the United States (U.S.) and Canada. The Company, through its subsidiaries, provides various services to clients and families, including dementia care, companionship, personal care, respite care, cooking and meal preparation, light housekeeping, activities of daily living (ADL), transportation services, medication reminders, and medication administration by nursing staff. Its supportive services can be arranged for any frequency of time, from one to twenty-four hours of care daily, or on a respite or temporary basis. The Company's services can be funded through a variety of sources, including Medicaid waiver programs, long-term care insurance, veterans benefits, private pay and other location-specific social service programs. It operates in approximately eight different U.S. states within the New England, Southeastern, South-Central and Midwest regions as well as Nova Scotia, Canada.


TSXV:NLH - Post by User

Comment by greenonions89on Aug 23, 2022 5:48pm
110 Views
Post# 34915517

RE:biggest let down

RE:biggest let down"For Nova Leap, a little goes a long way. While this is a small financing, four out of the five bank acquisition facilities that we took on during a significant period of growth from 2017-2018, will be fully repaid between September 2022 and September 2023. As the four debt facilities are being extinguished in Q3 2022, Q1 2023, Q2 2023 and Q3 2023 respectively, we expect a meaningful improvement to cash flows and further access to leverage for acquisitions, where circumstances warrant."
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