Kingsway Financial Services Acquires Secure Nursing Service, Inc.
November 21, 2022
Kingsway Financial Services (NYSE: KFS) acquired Secure Nursing Service, Inc. (SNS), a Los Angeles-based provider of per diem and travel nursing and allied healthcare staffing. The asset purchase was financed with cash on hand and a term loan from Signature Bank; SNS adds $19.7 million of unaudited revenue and $2.7 million of unaudited adjusted EBITDA and is expected to be immediately accretive.
- Targets
- Secure Nursing Service, Inc.
- Industry
- Healthcare Services
- Location
- California, United States
- Transaction Type
- Buyout
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