Nova Leap Health Corp. (TSXV:NLH) entered into a non-binding letter of intent to acquire business assets of Family Tree Home Care, Inc. for $2.1 million on January 9, 2018. Nova Leap Health will pay $1.8 million in cash and $0.3 million is by way of a promissory note repayable over a two-year period. Nova Leap expects to raise a combination of debt and equity to fund the transaction. Nova Leap reported the revenues of $3.23 million and Adjusted EBITDA of $0.45 million for the year ended December 31, 2017. The transaction is subject to financing, final due diligence, TSX Venture Exchange approval, a definitive purchase agreement and it is expected to close in the first quarter of 2018. The acquisition is expected to be immediately accretive.