National Veterinary Care to acquire more clinics

Company News

by Roma Christian

National Veterinary Care Limited (NVL) (ASX:NVL) has entered into an agreement to acquire one vet clinic, and is finalising terms to acquire another.

The vet services provider says it is also in due diligence and contract negotiations to acquire a further two clinics located in existing NVL clusters.

NVL says it expects settlement of these acquisitions, to occur between 1 July and 31 August 2017.

The company says the clinics have an aggregate historical annual revenue of about $8.5 million.

Shares in National Veterinary Care Limited (NVL) went into trading halt this morning, and last traded at $2.31.