Allied Healthcare International Inc.
Acquires BiJu Limited
The Transaction Expands Allieds Geographical Footprint in the North West of
NEW YORK May 09, 2011
Allied Healthcare International Inc. (NASDAQ: AHCI), a leading homecare
provider of health and social care in the United Kingdom and Ireland, announced today that its U.K.
subsidiary, Allied Healthcare Group Limited, has acquired the entire issued share capital of BiJu
Operating from Lancaster, BiJu supplies homecare services to clients throughout Lancashire.
Established in 1991 by Bill and Julie Evans, BiJu is one of the Social Service Directorate
Preferred Providers and has been awarded 3 stars (Graded Excellent) by the care industrys
regulatory body Care Quality Commission. BiJu also holds the Investors in People (IIP) award. BiJu
supplies a comprehensive range of care services, including rehabilitation, physical disabilities,
sensory impairment and extra care sheltered housing projects.
Allied expects this acquisition to be accretive to its earnings. Allied has acquired BiJu for
maximum total consideration of £1.6 million ($2.6 million). Initial consideration of £1.28 million
($2.1 million) was paid on completion of the transaction and was funded through Allieds cash on
hand. Additional consideration of £0.32 million ($0.5 million) could become payable after 12
months depending on the level of gross profit generated in the business during the next 12-month
period equating to a pro forma earnings before interest, tax, depreciation and amortization of
£0.37 million ($0.61 million).
Sandy Young, Chief Executive Officer of Allied, commented, The BiJu acquisition is in line with
our strategy of expanding Allieds geographic footprint and enhancing value for our shareholders.
The transaction will provide us with an enlarged market position within the County of Lancashire in
the North West of England as well as a platform to expand across Lancashire.
BiJu is a high quality business recognized for a diverse range of high quality care services. The
company has also successfully developed and grown its Self Directed Support services, which is now
the preferred route for commissioning by the Local Authority. I am delighted to welcome the BiJu
employees into the Allied Healthcare Group and to build upon our companies strengths, concluded
About Allied Healthcare International Inc.
Allied Healthcare International Inc. is a leading homecare provider of health and social care in
the United Kingdom and Ireland. Allied operates a community-based network of approximately 120
branches with the capacity to provide carers (known as home health aides in the U.S.), nurses, and
specialized medical personnel to locations covering approximately 90% of the U.K. population. For
more news and information please visit: www.alliedhealthcare.com.