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PeopleIN Completes Sale of Health and Disability Staffing Units to Healthcare Australia

Story Highlights
  • PeopleIN has finalised the sale of First Choice Care and Edmen to Healthcare Australia.
  • The divestment refocuses PeopleIN’s portfolio, trimming direct exposure to some care sectors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
PeopleIN Completes Sale of Health and Disability Staffing Units to Healthcare Australia

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Peoplein Limited ( (AU:PPE) ) has issued an update.

PeopleIN Limited has completed the divestment of its First Choice Care health and aged care staffing business and Edmen youth and disability staffing business to Healthcare Australia Pty Ltd. The move streamlines PeopleIN’s portfolio while it continues to focus on its broader multi-sector workforce solutions footprint, though the company will now have reduced direct exposure to certain health, aged care, youth and disability staffing market segments.

The most recent analyst rating on (AU:PPE) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on Peoplein Limited stock, see the AU:PPE Stock Forecast page.

More about Peoplein Limited

PeopleIN Limited is the largest Australian-led workforce solutions provider, serving more than 4,200 businesses across Australia and New Zealand. The group leverages local expertise and technology to deliver staffing and workforce services across a diverse range of high-demand, defensive sectors including health and aged care, community, education, engineering, trades and labour, agriculture and food processing, technology, finance and defence.

Average Trading Volume: 162,911

Technical Sentiment Signal: Buy

Current Market Cap: A$97.25M

See more insights into PPE stock on TipRanks’ Stock Analysis page.

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