Kingsway Financial Services Announces $11M Acquisition Of Digital Diagnostics Imaging, Inc.; Adds $4.2M Of Annual Unaudited Revenue And $1.8M Of Annual Unaudited Adjusted EBITDA
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Kingsway Financial Services (KFS) has announced the acquisition of Digital Diagnostics Imaging, Inc. (DDI) for $11 million. The acquisition is expected to add $4.2 million of annual unaudited revenue and $1.8 million of annual unaudited adjusted EBITDA to KFS. The transaction was funded with $5.4 million in cash on hand and $5.6 million in debt financing.
October 27, 2023 | 12:35 pm
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Kingsway Financial Services' acquisition of DDI is expected to be immediately accretive, adding significant annual revenue and EBITDA. The deal was financed through a mix of cash and debt.
The acquisition of DDI by Kingsway Financial Services is a significant event for the company. It is expected to add substantial revenue and EBITDA, which could positively impact the company's financial performance and potentially its stock price. The deal was financed through a mix of cash and debt, which indicates a balanced approach to funding the acquisition.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100