Vitura Health Limited entered into share sale agreement to acquire unknown minority stake Doctors on Demand from Tacos Superannuation Fund, Martin Superannuation Fund, Sigma Company Limited, and Regal Emerging Companies Opportunities Fund and Regal Emerging Companies Fund III managed by Regal Partners Limited.

Vitura Health Limited (ASX:VIT) entered into share sale agreement to acquire unknown minority stake in Doctors on Demand from Tacos Superannuation Fund, Martin Superannuation Fund, Sigma Company Limited, and Regal Emerging Companies Opportunities Fund and Regal Emerging Companies Fund III managed by Regal Partners Limited on October 19, 2023. In a separate transaction Vitura Health Limited is acquiring remaining stake from other shareholders. Under the terms of agreement, Vitura Health Limited will pay AUD 25 million including 17,380,423 fully paid ordinary shares of AUD 6.25 million, AUD 12.5 million in cash and AUD 6.25 million of deferred payment at 12 months from completion for both the transactions.

The cash component of the consideration payable by Vitura will be funded from a combination of current cash reserves and a new debt facility of AUD 6.25 million to be provided by ANZ Bank. The transaction is expected to close on October 26, 2023 and is subject to completion of each agreement is subject to and conditional upon the simultaneous completion of the other Agreement.