NVC completes initial portfolio of vet clinics posted - 01/Oct/2015
BRISBANE, October 1, 2015 – National Veterinary Care Limited [ASX:NVL] today completed the acquisition of the Initial Portfolio of veterinary clinics outlined in the prospectus prior to the company listing on the Australian Securities Exchange (ASX).
In an announcement to the ASX, NVC said that with the settlement of the Bathurst Veterinary Hospital, the Initial Portfolio of businesses is complete, taking the number of clinics acquired to 34 at a cost to date of $46.88m in cash and shares.
As announced on 18 September 2015, one of the clinics disclosed in the Company’s replacement prospectus will not proceed.
NVC chief executive Tomas Steenackers said, “Successfully completing the Initial Portfolio of clinics is a major milestone for NVC. As well as being committed to growing these core businesses, we continue to be in the market for excellent additions to our community of veterinary clinics across Australia.”
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About National Veterinary Care:
NVC aims to be a leading provider of veterinary services in Australia and New Zealand. The company strives to achieve excellence in clinical care for pets, and to build a platform for loyal, long term relationships with their owners.
For Further Information:
Richard Newsome, Cicero Communications 0402 056 047
richard@cicero.net.au
Tomas Steenackers, NVC chief executive 0402 667 600
tsteenackers@nvcltd.com.au
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