xPed Limited
(ASX:XPE) has announced that it will acquire all the issued capital in JCT Healthcare.
xPed will pay $750,000 cash at the completion of the acquisition.
The company will also pay a further $750,000 subject to it entering new agreements with channel partners and a supply agreement with a JCT key supplier.
In addition, xPed will issue $1.25 million worth of its shares to JCT as part of the purchase price.
xPed reported a net loss of $1.1 million at 31 December 2015.
