Visiomed Group SA (ENXTPA:ALVMG) signed a binding letter of intent too acquire 60% stake in Smart Salem Medical Fitness Center for €16 million on June 30, 2021. Visiomed Group SA (ENXTPA:ALVMG) agreed to acquire 100% stake in Smart Salem Medical Fitness Center on August 6, 2021. The payment will be spread between 2021 and 2022 and will include a part paid in VISIOMED shares GROUP with a commitment to retain the securities for at least 12 months. The financial audits are finalized and the conclusion of this agreement, signed by both parties, is subject to the drafting of the final deed of sale. VISIOMED GROUP plans to finance this acquisition with cash from its convertible bond financing line. The founders of Smart Salem will remain 40% shareholders and plan to invest €2 million in VISIOMED GROUP by subscribing to shares as part of a reserved capital increase. The acquisition will become final after the approval of the local authorities, which should take place in the coming days.