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IL2M International Corp. (OTC: ILIM) has successfully closed its merger with Aamani Healthcare Group, valued at $51.8 million. The acquisition, which completes by August 5, 2022, involved the issuance of two classes of shares, including 5 billion shares of common stock under a two-year lock-up agreement. Aamani, with a 2021 net income of $2.25 million and revenues of $6.08 million, specializes in Transitional Care and Home Health Services. This merger positions ILIM for future growth by leveraging Aamani's established healthcare services and client base.
IL2M International Corp. (OTC: ILIM) announced a merger with Aamani Healthcare Group, valued at $51.8 million. Aamani specializes in Transitional Care Homes, Home Care Support Services, Home Health Care, and Hospice Care, showcasing multi-million dollar assets, revenue, and net profit as of December 31, 2021. The merger aims to enhance shareholder value by providing immediate cash benefits and future growth opportunities. CEO Kristin Simpson-Oloso emphasized that the merger will maintain quality service while improving liquidity for clients.
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