Austco Healthcare to Acquire RTM Solutions
Key points
- Austco Healthcare to acquire RTM Solutions for $15.26 million
- Acquisition expected to grow software and recurring revenue
- RTM's platform deployed at over 600 sites in Australia
Full summary
Austco Healthcare Limited (ASX: AHC) has announced its intention to acquire 100% of RTM Hold Co Pty Ltd, the holding company of RTM Solutions, a provider of real-time monitoring software for healthcare and aged care facilities. The acquisition, expected to close around December 1, 2026, is expected to grow Austco's software and recurring service revenue, strengthen its proactive monitoring capabilities, and broaden integration functionality. The upfront cash consideration is approximately $9.44 million, with an estimated total consideration of $15.26 million including a performance-based earnout. The acquisition is expected to be earnings per share accretive immediately following completion.
Guidance
RTM's FY27 and FY28 EBITDA will determine the performance-based earnout.
Outlook
The acquisition is expected to contribute approximately $9.1 million of revenue and $1.3 million of EBITDA to Austco in FY27.
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