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Universal Wellness to acquire a healthcare company

Jul. 12, 2022 6:34 AM ETAmerican Diversified Holdings Corp. (ADHC) StockBy: Deepa Sarvaiya, SA News Editor
  • Universal Wellness (OTCPK:ADHC) executes a letter of intent to acquire a medical staffing company.
  • The company to be acquired has generated over $65M in revenue over the last 5 years, including over $18 mm in 2020 and $15 mm in 2021. Current revenues for 2022 are projected to exceed $20M annually. Profitability has averaged ~15% or over $2.7M for 2021 on an EBITA basis.

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