Apiam Animal Health Limited (ASX:AHX) has signed a MoU with PETstock Pty Ltd to open a number of new veterinary clinics within PETstock’s retail outlets across regional and rural Australia.
PETstock is a privately-owned,family-operated specialist retailer of animal products, services and accessories, predominantly targeting the company animal and equine market.
The first proposed centre will be a 24-hour Veterinary Emergency & Referral Centre in PetStock’s recently opened retail superstore in Bendigo.
The companies are working towards a definitive shareholders agreement for the first co-located clinic and will notify shareholders via an ASX announcement once executed.
Shares in Apiam Animal Health Limited (ASX:AHX) are trading 5.29 per cent higher at $0.90.