APM Human Services International's tumultuous three-year stint as a listed company is set to end this month after shareholders backed a $1.3 billion private equity takeover.
Megan Wynne-chaired APM Human Services has disclosed a major write-down in the value of goodwill from its prior acquisitions in a draft scheme submitted with financial regulators.
Michael Anghie-led APM Human Services International has entered a trading halt, pending an update regarding its non-binding acquisition proposal from US-based Madison Dearborn Partners.
APM Human Services has received a “disappointing” cash offer from its second largest shareholder Madison Dearborn Partners, 80 cents below the previous bid.
Mark Beyer and Mark Pownall discuss takeover deals for MMA and APM; hydrogen approvals challenges; payroll tax; WA's gas market; and resource export outlook.
APM Human Services International's board has recommended that its shareholders support a revised conditional, non-binding offer of $2 per share from CVC Asia Pacific in a bid to take over the company, according to chief executive officer Michael Anghie.
APM Human Services International shares plunged more than 40 per cent today, substantially eroding the net worth of rich list founder Megan Wynne, as the market reacted to a forecast half year profit fall.
Global services provider APM Human Services has generated net profit after tax of $178 million after anticipating its earnings were going to take a hit earlier this year.
Multinational human services provider APM has won a $720 million contract to provide its services in the UK but declared its earnings growth was expected to take a hit.
APM Human Services has secured a further $200 million debt facility, taking its total debt to over $1 billion, after entering a series of acquisitions.
APM is set to to buy NDIS therapy provider Everyday Independence for $52 million-plus in the company's third acquisition since listing on the ASX over a year ago.
Premier Mark McGowan, former governor Kim Beazley and Edith Cowan's family have thrown their support behind a statue of the women's rights activist proposed for St Georges Terrace.
Perth-founded APM Human Services International has moved to bolster its presence in North America by acquiring an employment services business for $225 million in cash.
APM Human Services has tabled its first half-yearly report since debuting in a $982 million IPO last year, reaffirming its commitment to a dividend while posting a $42.7 million net loss.
APM is acquiring physiotherapy and home care business Lifecare for $68 million, a move the newly-listed company says will expand its allied health offering and national footprint.
Perth business woman Megan Wynne attracted national headlines last month when she was hailed as Australia's newest billionaire, yet recent disclosures by her company indicate that was never the case.
Shares in mega stock market float APM Human Services International made a soft start today, falling slightly but still leaving the company worth more than $3 billion.
APM founder Megan Wynne will become a billionaire when it lists on the ASX, with a prospectus lodged with ASIC showing the company will have a $3.3 billion market capitalisation.
West Perth-based human services company APM has appointed Goldman Sachs and Gilbert + Tobin to assess a stockmarket float likely to be worth in excess of $1.5 billion.
Perth-based human services firm APM Group has attracted a new majority shareholder after three years of strong growth that has seen it nearly triple staff numbers to 6,500 across 10 countries.
West Perth-based APM has been forced to lift its takeover bid for ASX-listed Konekt for a second time, increasing its offer price from 64 cents to 70 cents per share, to match a second higher offer from competing bidder Maximus.
Privately-owned Perth company APM has struck its third takeover deal in the space of a year, announcing a $51 million takeover agreement with ASX-listed Konekt
Mission Australia and APM are planning to recruit 370 people in Western Australia after being selected earlier this month as local area coordinators by the National Disability Insurance Agency.
New APM chief executive Michael Anghie has bolstered his team by recruiting Youth Focus chief executive Fiona Kalaf to take a newly created role with the human services company.
EY's Perth managing partner, Mike Anghie, is planning to join APM as its chief executive, four months after advising Quadrant Private Equity on the purchase of a 60 per cent stake in what is Australia's largest privately owned human services company.