Navitas buys Health Skills Australia

Education services provider Navitas has executed a deal to acquire training organisation Health Skills Australia for up to $3.5 million.

The announcement is below:

Global education services provider Navitas Limited (ASX: NVT) is pleased to announce the execution of an agreement to acquire Health Skills Australia (HSA). HSA is a Registered Training Organisation specialising in the delivery of nationally accredited health and aged care qualifications, as well as health specific short courses, in New South Wales and Victoria.

The acquisition of HSA represents the Workforce Division's expansion into the nursing and health training market, and will allow the Division to set up and extend its nursing and health operations within Australia and offshore. Through the operation, Navitas will develop a range of flexible responses to industry and student needs and provide career pathways for nursing and health students from Australia and overseas.

The consideration for the acquisition of HSA is $2 million increasing to $3.5 million in total if certain earnings targets are met for HSA in the 2010 and 2011 financial years.