March 15 (Reuters) - People Infrastructure Ltd PPE.AX :
* ACQUISITION OF LEADING MELBOURNE NURSING AGENCY-PPE.AX
* TO ACQUIRE SWINGSHIFT NURSES BUSINESS
* ACQUISITION PRICE FOR BUSINESS IS $3.1M PAYABLE IN CASH ON COMPLETION
* EXPECTS BUSINESS TO GENERATE $1 MILLION IN EBITDA IN 12 MONTHS FOLLOWING COMPLETION