APM has today completed the transaction to acquire health and risk management company, Konekt through a scheme of arrangement (former ASX code: KKT).
APM Group CEO Michael Anghie said: “Konekt and APM have always shared a collegial relationship, mutual respect and an alignment in our purpose of enabling better lives.
"We are excited to bring together the complementary businesses of APM and Konekt because it will enhance our ability to provide best in class service to our customers, stakeholders and – most importantly – the clients we serve.
“We will also increase our market share, create new opportunities for our people and further consolidate our position as Australia’s leading human services provider.”
Konekt CEO Damian Banks said: “Konekt and APM are very much aligned in our purpose and values. We believe this an exciting combination that offers people, product and distribution capability unmatched in the Australian human services market.”
Konekt is Australia’s largest private sector provider of organisational health and risk management solutions and a national provider of employment and mental health services.
With 20 years’ experience delivering workplace health and OH&S services to industry and the community, Konekt is a strategic fit with the APM business.
APM operates in 10 countries, with a team of 6,000 people from over 680 locations, supporting over 500,000 people each year to improve their lives.
Over the past 25 years APM has grown to be a global market leader in human services delivering assessment, allied and mental health, vocational rehabilitation, justice, skills and training, disability and employment services.
APM has been advised by global bank Citi and Allens on this transaction.
Adrian Bradley, General Manager External Affairs +61 419 823 659
APM is a global leader in human services with operations in ten countries, including Australia, New Zealand, the UK, Spain, Germany, Switzerland, Canada, the USA, Singapore and South Korea.
The APM team of 6,000 people delivers services from more than 700 locations worldwide and, in the last year alone, has supported more than 450,000 people to lead better lives.