Why oh why will Quindell (QPP) not answer these SEVEN critical questions about the acquisition of PT Healthcare? What is it not telling us? Over to you Mr 2+2 can = 5: answers please. Or maybe broker Killik might care to answer these questions before urging its clients to buy? Perhaps analyst Kevin Ashton of Canacord might care to answer? Oh no...he's not there any more, I do wonder why?
By way of background PT Healthcare first came onto our radar on September 26th 2013 when Quindell bought an initial 26% stake in what was described as “leading provider of healthcare and rehabilitation services with over 100 physiotherapy and rehabilitation clinics across Canada.” Quindell insisted that the deal was “highly accretive “as EBITDA in the year to March 31 2013 was c $7.7 million. Hmmm –one senses the I number since all clinics are owned on leases – was rather large.
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