- Workforce management company People Infrastructure (PPE) has agreed to purchase a Melbourne nursing agency, SwingShift Nurses
- The purchase is for $3.1 million and expected to be completed in the coming weeks
- SwingShift is a leading nursing agency and is the preferred supplier to most public sector hospitals in Victoria
- In 12 months, the business expected to generate $1 million in earnings before interest, taxes, depreciation, and amortisation (EBITDA), following the purchase
- PPE CEO Declan Sherman also said the purchase “highly complementary” to its existing Victorian nurse staff business
- On market close for the day, PPE is up 3.51 per cent and is trading at $3.54 per share
