Apiam Animal Health Limited (ASX:AHX) entered into an agreement to acquire Agnes Banks Equine Clinic for AUD 5 million on November 19, 2021. The acquisition will be funded via a cash payment of AUD 4.1 million with balance of AUD 0.7 million consideration in Apiam shares. Additional earn-out acquisition consideration, up to a maximum of AUD 0.2 million, is also payable to the Agnes Banks Equine Clinic vendors based on normalized EBITDA performance in the 12 months following completion of the acquisition.