Accelera Innovations, Inc (OTCPK:ACNV) entered into an agreement to acquire Traditions Home Care, Inc. from Sonny Nix and John Noah for $6 million on January 5, 2015. As per the terms of the agreement, Accelera will pay $3 million on or before closing, $1.5 million six months after closing date and $1.5 million twelve months after closing date. Traditions Home Care achieved revenues of approximately $6.3 million in 2013.

Sonny Nix will become Traditions' Chief Executive Officer. The transaction is expected to close by March 31, 2015. The closing date was extended to June 30, 2015.

Accelera Innovations has the right to extend the closing date by an additional 45 days, in order for it to secure the requisite funding, so long as Accelera Innovations gives notice to the Sellers on or before March 1, 2015. The transaction was further extended to be completed by September 30, 2015.