Inspire Veterinary Partners, Inc. entered into a non-binding letter of intent to acquire a 100% ownership interest in one animal hospital located in Pennsylvania.

Inspire Veterinary Partners, Inc. (NasdaqCM:IVP) entered into a non-binding letter of intent to acquire a 100% ownership interest in one animal hospital located in Pennsylvania on September 21, 2023. Inspire's due diligence review of the target acquisition has already commenced, and upon satisfactory completion, the Company intends to proceed towards executing a definitive acquisition agreement and closing the transaction as soon as all closing conditions are met. The letter of intent is non-binding and subject to additional diligence and other factors.

The proposed acquisition is subject to customary closing conditions and is currently expected to be completed as early as the third quarter of 2023.