Completion of Romsey Veterinary Surgery Acquisition
Bendigo, June 2, 2022 AEST (ABN Newswire) - Apiam Animal Health Limited (
ASX:AHX) refers to its announcement of 19 May 2022 and confirms that it has completed the acquisition of the assets of Romsey Veterinary Service, effective 1 June 2022.
Romsey Veterinary Surgery is located in the fast-growth Melbourne to Bendigo growth corridor and services the mixed animal (including equine) market. The acquisition forms an important part of Apiam's regional expansion growth strategy.
The acquisition of Romsey Veterinary Surgery will add $3.3 million in revenue to Apiam on a FY22 proforma basis and 16 staff, including 6 veterinarians.
Apiam's Managing Director, Dr Chris Richards said "we look forward to integrating Romsey Veterinary Surgery into our Victorian clinic network and we welcome their staff onboard. The underlying strength of regional veterinary markets in peri-urban locations, as well as the strong track record of this clinic means Romsey Veterinary Surgery is well placed to continue its fast-growth trajectory."
Consideration for the Romsey Veterinary Surgery acquisition has been paid via a combination of cash and the issue of 1,165,320 Apiam shares.
About Apiam Animal Health Limited
Apiam Animal Health Limited (ASX:AHX) is one of Australia's leading rural veterinary businesses made up of more than 80 Veterinary Clinics and 330 highly experienced veterinarians as part of a team of over 1300 dedicated professionals. The majority of Apiam's vet clinics, production animal, and allied businesses have been around a long time, many of them decades and are spread Australia wide reaching into the heart of dairy, beef, sheep and pig country and the regional towns that are at their centre.
Apiam Animal Health is committed to providing best in class care for its clients, the animals in their care and the communities where people live and work. The Company's purpose, to enrich the lives of animals, people and communities, is applied across all businesses from vet clinic to production animal consultancy, logistics and laboratory with vets and allied staff sharing expertise and specialist knowledge. Apiam is focused on meeting the needs of its clients and shaping the future of the industry to deliver best practice animal health and welfare at a local level and nationally.
| ||
|
