Medical Rescue Gets a Upgrade: SIS Acquires State Medical Assistance for AUD 2.5M

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SIS Australia Group, a subsidiary of SIS Limited, has acquired 100% of State Medical Assistance Holdings (SMA) for AUD 2.5 million, enhancing its non-emergency patient transport and aged care services portfolio. This acquisition aligns strategically with SIS’s Australian medical and rescue operations, with no related party involvement.

SIS Limited announced today that its step-down subsidiary, SIS Australia Group Pty Ltd, finalized the acquisition of State Medical Assistance Holdings Pty Ltd (SMA), a key player in Australia’s non-emergency patient transport (NEPT) and aged care services sector. The acquisition was completed on October 10, 2025, through a cash transaction valued at AUD 2.5 million for 100% shareholding.

Key Takeaways:

Strong Strategic Fit: SMA, incorporated in 2013, operates in non-emergency patient transport, event medical support, clinical governance, and aged care services across New South Wales, Victoria, and Western Australia. This acquisition broadens SIS Australia’s footprint in the medical and rescue domain, complementing its existing portfolio.
Financial Overview: SMA generated revenue of AUD 12.7 million for the financial year ended June 30, 2025. The company showed consistent revenue with AUD 12.1 million in 2023 and AUD 13.5 million in 2024, showcasing stable business performance over recent years.
Independent Transaction: The acquisition does not qualify as a related party transaction, and SIS’s promoters and group companies hold no interest in SMA, confirming the deal's arm’s length nature.
Smooth Regulatory Path: No governmental or regulatory approvals were necessary, allowing prompt completion of the acquisition.
Completion and Consideration: The entire acquisition was concluded on October 10, 2025, with SIS Australia Group paying cash consideration for full control of SMA.

This move cements SIS Limited's commitment to expanding its healthcare and medical services division in Australia, reinforcing its strategic vision to build a comprehensive service offering in patient transport and aged care sectors. Adding SMA’s services allows SIS to leverage growing healthcare demands while enhancing clinical governance and event medical support capabilities.

Overall, the acquisition is a timely step in reinforcing SIS’s market position in Australia by integrating complementary healthcare services into its core business, enabling it to capitalize on opportunities in a growing sector.

Sources: SIS Limited official announcement via BSE Limited, Moneycontrol, Economic Times.

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