Australia: Apiam Animal Health continues along acquisition path with The Vet Practice

ASX listed Apiam Animal Health, comprised of Australia’s leading veterinary practices, has acquired The Vet Practice, a full-service companion animal clinic located in Whittlesea, Victoria, for A$8.3m (US$5.8m). The consideration, to be paid as A$7.1m in cash and A$1.2m in Apiam shares, represents an implied EBITDA acquisition multiple of 6.2x. The Vet Practice employs 48…