NVC acquires 30 clinics in initial portfolio posted - 14/Aug/2015

BRISBANE, August 14, 2015 – National Veterinary Care (ASX:NVL) today announced that it had acquired 30 clinics in its initial portfolio ahead of the company’s listing on the Australian Securities Exchange.

A further 5 practices are due to be settled in the coming weeks.

NVC chief executive Tomas Steenackers said, “The initial portfolio of NVC clinics provides the company with a firm foundation from which to grow, both organically and through further targeted acquisition.

“NVC will be the second largest provider of professional veterinary services in Australia and we look forward to building on the excellent reputation of the clinics in our community. We are well positioned to take advantage of further growth in this industry.”

NVC last week closed its Initial Public Offer of 30m shares at $1 each, which was several times oversubscribed. The majority of the funds raised in the IPO have been used to acquire the initial portfolio.

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About National Veterinary Care:
NVC is a national provider of professional veterinary services delivering enhanced practice management and back office systems that remove the administrative burden of running an efficient vet clinic, freeing vets to focus on clinical delivery. NVC is growing a community of practices across Australia to build on those efficiencies.

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