SIS Ltd to Acquire 100% Shareholding in State Medical Assistance Holdings Pty Ltd for AUD 2.5 Million

SIS Ltd, through its step-down subsidiary SIS Australia Group Pty Ltd, has signed definitive agreements to acquire 100% shareholding in State Medical Assistance Holdings Pty Ltd (SMA) for a consideration of AUD 2.5 Million. SMA, incorporated in 2013, offers Non-Emergency Patient Transport (NEPT), event medical support, clinical governance, and aged care services in the Australian states of New South Wales, Victoria, and Western Australia. The acquisition is strategically aligned with SIS’s Medical & Rescue business in Australia and is expected to enhance the SIS Australia Group’s portfolio by adding patient transport services.