Australia: Apiam Animal Health funds acquisitions with capital raise

ASX-listed Apiam Animal Health, comprised of Australia’s leading veterinary practices, is acquiring the assets of Victorian Equine Group (VEG) and Romsey Veterinary Surgery for a combined consideration of A$13.75m (US$9.89m), split A$9.8m in cash and a A$4.0m scrip consideration. There is an additional earnout for VEG of up to A$1.2m based on FY22 performance. It…

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