Nova Leap Completes Latest Acquisition; Marquis Home Care Eyes Expansion

Nova Leap finalizes Oklahoma deal

Nova Leap Health Corp (TSXV: NLH) — the Halifax, Nova Scotia-based home health care services company that has grown rapidly over the past few years — has finalized yet another acquisition.

Earlier this month, Nova Leap announced it completed its acquisition of the business assets of Around The Clock Home Care LLC, located in Chickasha, Oklahoma. The acquisition agreement was previously announced in September.

A separate acquisition also announced in September likewise remains on track for closing in early November, according to Nova Leap. 

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Overall, Nova Leap completed eight acquisitions from the start of 2017 through June of 2019. It currently has U.S. operations in New Hampshire, Rhode Island, Vermont, Massachusetts — and now Oklahoma. 

“We’re early on in our evolution,” Nova Leap CEO Chris Dobbin previously told Home Health Care News. “We plan to continue with our growth and are always looking for more opportunities.”

In the first quarter of 2019, Nova Leap reported revenues of $3.91 million, marking the company’s seventh consecutive quarter of revenue growth.

Marquis Home Care acquisition on track

The $1.5 million sale of Albany, New York-based Living Resources Certified Home Health Agency Inc. and its licensed personal care services agency has cleared state regulatory hurdles and is one step closer to becoming official, according to Albany Business Review.

Marquis Home Care CEO Neil Zelman and business partner Eric Newhouse are in the process of purchasing the Living Resources businesses.

Marquis Home Care currently serves patients in Dutchess, Orange, Rockland, Westchester, Manhattan, Bronx, Brooklyn, Queens, Staten Island, Nassau and Suffolk counties in New York. The company provides a range of services, from home health and personal care aide services to consumer-directed assistance and companion care.

Marquis Home Care will deliver about 18,000 visits this year and expects to provide more than 34,500 in the near future, Albany Business Review reported.

In addition to his home care business, Zelman also operates eight assisted living facilities around the state.

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