Futuris Acquires Healthcare Staffing Business From Recruiter.com, Valued At $500,000, And A Share Of The Ongoing Gross Profit, With A Maximum Limit Of $2M
Portfolio Pulse from Happy Mohamed
Futuris Company (OTC: FTRS) has agreed to acquire the specialized healthcare staffing business from Recruiter.com Group, Inc. (NASDAQ:RCRT)(NASDAQ:RCRTW). The deal includes Futuris stock valued at $500,000 and a share of the ongoing gross profit, capped at $2 million. The transaction is expected to close immediately upon the fulfillment of closing conditions.
August 15, 2023 | 12:05 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Recruiter.com is selling its healthcare staffing business to Futuris, which could allow the company to focus more on its core business. The deal includes $500,000 in Futuris stock and a share of the ongoing gross profit, capped at $2 million.
The sale of the healthcare staffing business could be seen as a positive move for Recruiter.com as it allows the company to focus more on its core business. However, the financial impact of the deal is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Futuris is acquiring the healthcare staffing business from Recruiter.com, which could strengthen its position in the healthcare staffing industry. The deal includes $500,000 in Futuris stock and a share of the ongoing gross profit, capped at $2 million.
The acquisition of the healthcare staffing business could be seen as a positive move for Futuris as it strengthens its position in the healthcare staffing industry. The financial terms of the deal also seem favorable for Futuris, hence the positive score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100