Sydney's Medibio Ltd. will acquire Vital Conversations Pty Ltd. for A$500,000 in cash and shares.
Subiaco, Australia-based Vital Conversations provides psychological health programs through a digital platform connected with Medibio technology. The deal builds on a three-year partnership between the companies.
The acquisition, which is expected to be settled by the end of March, will help Medibio expand its product offering and address new avenues for growth.
Medibio, a mental health technology company, said it expects the deal to be earnings neutral in the near to medium term as it brings the product to more global markets.
