Kovo HealthTech Corporation (TSXV: KOVO) (“Kovo” or the “Company”) — a leader in healthcare technology and Billing-as-a-Service (“BAAS”) — announced it has entered into a Membership Interest Purchase Agreement (the “MIPA”) to acquire E&A Medical Billing Service and Software. (the “Seller” “E&A Medical”). E&A Medical is a leading Arizona-based medical billing specialist firm that has been in business for more than 40 years. Under the terms of the binding MIPA, effective April 20, 2023, the Company has, through a wholly-owned subsidiary, purchased all of the membership units of E&A Medical. As consideration for the acquisition of E&A Medical, the Company agreed to pay the Seller cash consideration of USD$2.7 million, subject to compliance with the policies of the TSXV.
Read the full article: Kovo HealthTech Revs up Acquisition Pipeline; Signs Binding Acquisition Agreement //
Source: https://www.newsfilecorp.com/release/163413