Apiam Animal Health Limited (ASX:AHX) agreed to acquire Singleton Veterinary Hospital on January 30, 2023. In the similar transaction Apiam Animal agreed to acquire Pambula & Eden Vet Clinics. The consideration for both acquisitions to be paid in cash and scrip.

Total consideration of AUD 11.2 million to be paid out of AUD 8.7 million in cash and AUD 2.5 million in scrip. The cash consideration will be funded via Company cash flow and Apiam?s acquisition facility. The Acquisitions are expected to add approximately AUD 8.3 million in revenue and AUD 1.9 million in EBITDA to Apiam on a FY22 normalised basis, before accounting for any synergies.

Settlement of the Acquisitions is expected to occur on February 1, 2023.